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Qu'est-ce que Frottement fiscal ?

Frottement fiscal The negative effect of taxes on portfolio returns, reducing the investor’s after-tax performance due to realized gains, dividends, or interest.

Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework

How is “Frottement fiscal” Used in Practice?

Le frottement fiscal peut réduire les rendements à long terme, en particulier dans les juridictions où les impôts sur les plus-values ou les dividendes sont élevés.

Certification Exam Relevance

CFAACCAFRM

Who Needs to Know This Term?

  • Financial Analysts
  • Bankers
  • Traders

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Frequently Asked Questions

Qu'est-ce que Frottement fiscal ?

The negative effect of taxes on portfolio returns, reducing the investor’s after-tax performance due to realized gains, dividends, or interest.

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