Financial sector taxation
Financial sector taxation

Author: [Anonymus AC08741538]

Publisher:

Published: 2010

Total Pages: 44

ISBN-13: 9789279187353

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"The global economic and financial crisis has created important needs for fiscal consolidation. This document analyses potential instruments to raise additional tax revenues from the financial sector. The first section reviews the current policy objectives related to the taxation of the financial sector. The second section sheds some light on the current tax treatment of the financial sector. The third section discusses potential tax instruments to reach the goals. The fourth and fifth section respectively assess the advantages and drawbacks of a Financial Transaction Tax and a Financial Activities Tax."--Editor.

International Financial Flows and Transactions Taxes
International Financial Flows and Transactions Taxes

Author: Mr.P. Bernd Spahn

Publisher: International Monetary Fund

Published: 1995-06-01

Total Pages: 62

ISBN-13: 1451847998

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Tobin has suggested that exchange rate volatility be controlled through a tax on international financial transactions. This analysis shows that the Tobin tax as a pure transaction tax is not viable. The tax would impair financial operations and create international liquidity problems. It is also unlikely to deter speculation. However, a possible alternative would be a two-tier rate structure—consisting of a low-rate transaction tax plus an exchange surcharge. The exchange rate could move freely within a “crawling” exchange rate band, but overshooting the band would trigger a tax on an “externality,” which is the discrepancy between the market exchange rate and the closest margin of the band. The scheme is inspired by the European Monetary System. However, exchange rates would be kept within the target range through a tax, not through interest policy or central bank sterilization and, eventually, the depletion of international reserves.

Non-Fiscal Tax Policies and State Sovereignty
Non-Fiscal Tax Policies and State Sovereignty

Author: Giulio Allevato

Publisher: Edward Elgar Publishing

Published: 2024-08-06

Total Pages: 229

ISBN-13: 1035321564

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In this interdisciplinary book, Giulio Allevato explores how the non-fiscal function of the taxing power has contributed to the establishment, consolidation, and maintenance of an effective power to govern in modern nation states. Innovative in its historical approach, this book illustrates how the link between non-budgetary tax policies and state sovereignty continues to play out in the current global landscape.