The tax treatment of credit default swap proceeds in selected countries : an overview

This overview will analyse and describe the various country of the reports of the comparative survey "The Tax Treatment of Credit Default Swap Proceeds" published in the two previous issues of "Derivatives and financial instruments", no. 3 and 4, vol. 1, 1999., and compare them and their conclusions as to the main problems raised by credit default swaps. The main similarities and differences among the various tax jurisdictions will be outlined.