Standardized Assumptions for Calculating Income Tax Gross-up and Management Fees in Assessing Damages (1994)
Keywords: damages; award; future loss; personal; injury; wrongful; death; income; tax; gross-up; investment; management; fee; calculation; guideline; standardization; compensation; assumption; actuarial; present value; taxation; future; inflation; interest; rate; real
Since the mid-1970s there have been various innovations aimed at achieving greater precision and fairness in the assessment of damages for personal injuries. This project looks at two specific innovations relating to income tax calculations and management fees and considers the possibility of developing a standardized set of assumptions as an aid to calculating damages.
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