finance literature. This article explores the possible purposes and broad design of distinctive tax measures for financial …

bank tax, and the U.S. administration has revived its own proposal for such a charge. This paper considers the structure …

This paper explores the implications of tax rate uncertainty, identifying circumstances in which revenue-neutral tax … heterogeneous taxpayers, tax rate variability is shown to perform an efficiency-enhancing screening function, imposing heavier … expected tax burdens on less responsive taxpayers. And while efficient tax uncertainty enables governments to reduce average …

This article considers key issues in the design of a financial activities tax, which is an addition-based value …-added tax (VAT) applied to financial activities. The form of FAT discussed in the article by no means resolves all the …

world and across the ages Governments have always struggled to tax in ways that are effective and tolerably fair. Sometimes … they fail grotesquely, as when, in 1898, the British ignited a rebellion in Sierra Leone by imposing a tax on huts-and, in … repressing it, ended up burning the very huts they intended to tax. Sometimes they succeed astonishingly, as when, in eighteenth …