Reading 11. Taxes And Private Wealth Management In A Global Context
  The candidate should be able to:
  a. Compare basic global taxation regimes as they relate to the taxation of dividend income, interest income, realized capital gains, and
  unrealized capital gains;
  b. determine the effects of different types of taxes and tax regimes on future wealth accumulation;
  c. calculate accrual equivalent tax rates and after- tax returns;
  d. explain how investment return and investment horizon affect the tax impact associated with an investment;
  e. discuss the tax profiles of different types of investment accounts and explain their impact on after- tax returns and future accumulations;
  f. explain how taxes affect investment risk
  g. discuss the relation between after- tax returns and different types of investor trading behavior;
  h. explain the benefits of tax loss harvesting and highest- in/first- out (HIFO) tax lot accounting;
  i. demonstrate how taxes and asset location relate to mean–variance optimization.
   
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