Tax Implications of Exchange Losses and Gains

  • Robert Z. Aliber


The structure of corporate income taxes may affect the willingness of the firm to maintain an exposed position in various foreign currencies and bear the uncertainty of variations in income from changes in exchange rates. Moreover, the tax structure also affects the techniques used to alter exposure, and the countries in which firms realise their exchange gains and their exchange losses.


Exchange Rate Exchange Loss Forward Contract Corporate International Finance Spot Exchange Rate 
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  1. Donald R. Ravenscroft, Taxation and Foreign Spending ( Cambridge, Mass.: Harvard University Law School, 1973 ).Google Scholar
  2. Peggy B. Musgrave, ‘Exchange Rate Aspects in the Taxation of Foreign Income’, National Tax Journal (Dec 1975).Google Scholar
  3. John J. Costello, ‘Tax Consequences of Speculation and Hedging in Foreign Currency Futures’, Tax Lawyer (Winter 1975) .Google Scholar
  4. John J. Costello,‘Tax Impact of Currency Exchange Rate Fluctuations’, Tax Lawyer (Spring 1973 ).Google Scholar

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© Robert Z. Aliber 1978

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  • Robert Z. Aliber

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