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A financial transaction tax (FTT) compares to a value-added tax on financial transactions and financial services. This … differs from the financial activity tax (FAT) that is raised on profits of financial companies or on profit …, the assessment base and the tax rate. The European Union hasn't been able to design an EU-wide FTT; not even the complete …
Persistent link: https://www.econbiz.de/10012197773
any nation is its tax system. Hence, the main of this study was to assess the impact of taxes on the economic growth of … especially after a series of civil unrest, the tax system is very critical …
Persistent link: https://www.econbiz.de/10012834553
of corruption in the society all farms of corruptions has to be internalized by introducing a permit and tax for …
Persistent link: https://www.econbiz.de/10012119899
Two global initiatives are examples of the effective use of tax systems instruments to protect countries' tax … sovereignty in a world of increasing globalization. These OECD/G20 initiatives will provide tax administration and policy … researchers with valuable insights on taxpayer and government behaviors. In addition, a number of other multilateral tax …
Persistent link: https://www.econbiz.de/10012907655
banks, a financial transactions tax contributes to financial distress and undoes other policy measures that are used to …This paper studies the impact of a financial transactions tax on a financial market where financial institutions trade …. There are two main results: First, if all banks have enough liquidity so that they can honor their short-term obligations, a …
Persistent link: https://www.econbiz.de/10009571254
federal personal income tax evasion over the period 1975-2008, with a specific focus upon the impact of higher federal income … tax rates on tax evasion. In this study, we use the most recent data available on aggregate personal income tax evasion … reported AGI. Most other studies of federal income tax evasion for the U.S. do not use data this current. It is found that the …
Persistent link: https://www.econbiz.de/10012925573
Tax evasion and money laundering are conceptually closely related: they both entail some form of concealment. In the … tax authorities, there is a direct overlap between money laundering and tax evasion decisions. The possibility of … tax evasion. Typically the incentives to carry out these activities in other jurisdictions will be higher where the …
Persistent link: https://www.econbiz.de/10014075440
Whether proprietary traders provide or take liquidity, and how their behavior evolves over the business cycle and across stocks, remains at the center of an ongoing debate. Using a unique dataset from the NYSE, we document that proprietary traders concentrate their trades in large and liquid...
Persistent link: https://www.econbiz.de/10012419705
We investigate whether saving Wall Street through the Troubled Assets Relief Program (TARP) really saved Main Street during the recent financial crisis. Our difference-in-difference analysis suggests that TARP statistically and economically significantly increased net job creation and net hiring...
Persistent link: https://www.econbiz.de/10013006410
with lockdowns. A drop in demand as well as supply disruptions affected the economy which also hit European banks with … available to the banks for the preparation of their half-year reports. As ESMA considers Covid-19 a significant event under IAS … which banks fulfilled the disclosure expectations communicated by the relevant professional institutions. For this purpose …
Persistent link: https://www.econbiz.de/10012795250