Financial Transactions Taxes


Financial Transactions Taxes
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Taxing Financial Transactions


Taxing Financial Transactions
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Author : Ms.Thornton Matheson
language : en
Publisher: International Monetary Fund
Release Date : 2011-03-01

Taxing Financial Transactions written by Ms.Thornton Matheson and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-03-01 with Business & Economics categories.


In reaction to the recent financial crisis, increased attention has recently been given to financial transaction taxes (FTTs) as a means of (1) raising revenue for a variety of possible purposes and/or (2) helping to curb financial market excesses. This paper reviews existing theory and evidence on the efficacy of an FTT in fulfilling those tasks, on its potential impact, and on key issues to be faced in designing taxes of this kind.



Financial Transactions Taxes


Financial Transactions Taxes
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Author : Mr.Parthasarathi Shome
language : en
Publisher: International Monetary Fund
Release Date : 1995-08-01

Financial Transactions Taxes written by Mr.Parthasarathi Shome and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-08-01 with Business & Economics categories.


Financial transactions taxes have recently gained attention as a possible means to influence the behavior of financial markets and to reduce destabilizing capital flows. One variation is a tax on all foreign currency conversions, often termed a “Tobin tax.” This paper suggests that these taxes would probably not produce the desired effects and would be difficult to design and implement. It is unclear that the possible advantages in reducing some short-term speculative trading would outweigh the possible disadvantages in impairing the efficiency of financial markets. From an administrative perspective, without a broad international consensus and application, these taxes are likely to be easily avoided.



International Financial Flows And Transactions Taxes


International Financial Flows And Transactions Taxes
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Author : Mr.P. Bernd Spahn
language : en
Publisher: International Monetary Fund
Release Date : 1995-06-01

International Financial Flows And Transactions Taxes written by Mr.P. Bernd Spahn and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-06-01 with Business & Economics categories.


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.



Financial Transactions Taxes


Financial Transactions Taxes
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Author : Parthasarathi Shome
language : en
Publisher:
Release Date : 2006

Financial Transactions Taxes written by Parthasarathi Shome and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.




Taxing The Financial Sector


Taxing The Financial Sector
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Author : Dennis Weber
language : en
Publisher: IBFD
Release Date : 2012

Taxing The Financial Sector written by Dennis Weber and has been published by IBFD this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Financial institutions categories.


This book contains contributions from prominent practitioners and academics presenting their views on the tax levies on the financial sector from a legal and an economic perspective. (New) tax levies on the financial sector have been an ongoing subject of interest since the financial crisis of the past years. In this book, various ways of taxing the financial sector are discussed.



Good Taxes


Good Taxes
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Author : Alex C. Michalos
language : en
Publisher: Dundurn
Release Date : 1997-02

Good Taxes written by Alex C. Michalos and has been published by Dundurn this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-02 with Business & Economics categories.


In Good Taxes, Alex Michalos puts forth an argument in favour of a financial transactions tax.



Financial Transactions Taxes


Financial Transactions Taxes
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Author : Marion Wrobel
language : en
Publisher:
Release Date : 1996

Financial Transactions Taxes written by Marion Wrobel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Financial instruments categories.




Financial Crisis Management And Democracy


Financial Crisis Management And Democracy
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Author : Bettina De Souza Guilherme
language : en
Publisher: Springer Nature
Release Date : 2020-12-09

Financial Crisis Management And Democracy written by Bettina De Souza Guilherme and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-12-09 with Business & Economics categories.


This open access book discusses financial crisis management and policy in Europe and Latin America, with a special focus on equity and democracy. Based on a three-year research project by the Jean Monnet Network, this volume takes an interdisciplinary, comparative approach, analyzing both the role and impact of the EU and regional organizations in Latin America on crisis management as well as the consequences of crisis on the process of European integration and on Latin America’s regionalism. The book begins with a theoretical introduction, exploring the effects of the paradigm change on economic policies in Europe and in Latin America and analyzing key systemic aspects of the unsustainability of the present economic system explaining the global crises and their interconnections. The following chapters are divided into sections. The second section explores aspects of regional governance and how the economic and financial crises were managed on a macro level in Europe and Latin America. The third and fourth sections use case studies to drill down to the impact of the crises at the national and regional levels, including the emergence of political polarization and rise in populism in both areas. The last section presents proposals for reform, including the transition from finance capitalism to a sustainable real capitalism in both regions and at the inter-regional level of EU-LAC relations.The volume concludes with an epilogue on financial crises, regionalism, and domestic adjustment by Loukas Tsoukalis, President of the Hellenic Foundation for European and Foreign Policy (ELIAMEP). Written by an international network of academics, practitioners and policy advisors, this volume will be of interest to researchers and students interested in macroeconomics, comparative regionalism, democracy, and financial crisis management as well as politicians, policy advisors, and members of national and regional organizations in the EU and Latin America.



Financial Transactions Taxes


Financial Transactions Taxes
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Author :
language : en
Publisher:
Release Date : 1996

Financial Transactions Taxes written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Bonds categories.




Freedom From Taxes


Freedom From Taxes
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Author : Boris Kriger
language : en
Publisher:
Release Date : 2019-07-03

Freedom From Taxes written by Boris Kriger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-03 with categories.


The world is changing at an incredible pace. Many areas do not have time to come into compliance with these changes. One of these areas is taxation and incomes.The principle of collecting taxes from companies and individuals is flawed because it implies the possibility of tax evasion, and because high taxes really hinder the development of business and the lives of individuals, and therefore the development of the society for which these taxes are collected. It seems worthier to blame not the system failures, but the system itself, which suggests the possibility of failures. The principles of taxation came to us from ancient times and since then little has changed. However, it became possible to change this system, since in our time a significant part of financial transactions is carried out in electronic form, which makes it possible to automatically tax not the companies and individuals, but the movement of money itself. The volume of financial operations is many times greater than all other economic indicators of the country, since in the financial system the same money passes from hand to hand many times. If every time they move, a small percentage is deducted to the country's budget, then this can replace all taxes, guarantee immediate replenishment of the budget, abolish the inefficient, expensive tax authorities and, most importantly, practically free the population from high taxes that currently fall intolerable mainly on the middle class.The rich, in turn, no longer fearing persecution for tax evasion, will return capital from offshore companies (where their money often lays a dead weight) into the economies of their countries.The poor will also replenish the budget imperceptibly for themselves, deducting a small percentage from each monetary transaction. Such an automatic collection of taxes in the form of a low percentage of all financial transactions will strengthen the economy, prevent the deepening of economic crises, and create a system of effective fund-raising in the event of disasters and wars. It is important that such a reform will also allow replacing the social and pension system with a universal basic income paid from the budget to the entire population of the country. And this is not a fantasy, but an absolute necessity. Computerization, robotization and automation already lead to the disappearance of many jobs. If the basic income for all is not introduced, it is fraught with insane spending on the creation of unnecessary jobs, or high unemployment, which will lead to social upheavals. It will be necessary to increase the budget of the country almost doubled in order to pay all residents the basic income, regardless of their productive work activity. It is a tax on the total mass of financial operations that will allow for a painless for all to double the state budget, not only free people from high taxes, but also significantly improve their well-being and confidence in the future, and therefore prevent social disasters. It is so simple and extremely beneficial to all that it is impossible to believe that such a decision would meet with resistance. Of course, the economy of the future will be based on such approaches to taxation and social security. This book is designed to acquaint the reader with the above-mentioned ideas, thus taking a step towards a more reasonable and comfortable future for life.