TITLE:
The Assessment of After-Tax Performance
AUTHORS:
Andrew P. Leung
KEYWORDS:
After Tax Performance, Post-Liquidation, Pre-Liquidation, Active Management, Passive Management
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.9 No.4,
April
29,
2021
ABSTRACT: Over
the years, the method of assessing an investment return after allowing for
taxes has proved controversial, not least because the issue brings into sharp relief
the different philosophies between active and passive fund management. This
paper attempts to highlight the issues involved. After-tax performance may be
defined generally as the return to an investor over a given time frame. Though
many of the organizations and terminology are Australian, the concepts and tax
systems are universal.