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Who truly bears (bank) taxes? : evidence from only shifting statutory incidence
Jiménez, Gabriel; Martinez-Miera, David; Peydró, … - 2020
We show strong overall and heterogeneous economic incidence effects, as well as distortionary effects, of only shifting statutory incidence (i.e., the agent on which taxes are levied), without any tax rate change. For identification, we exploit a tax change and administrative data from the...
Persistent link: https://www.econbiz.de/10012668346
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Assessing the Effects of Imposing VAT on the Services Provided by the Banking Sector – the Case of Bulgaria
Angelov, Angel - 2019
The treatment of banking services as VAT exempted is a dominant model and common practice among EU member countries mainly due to the technical difficulties of calculating value added and applying the general credit - invoice method of VAT taxation. Not charging VAT on banking sector results in...
Persistent link: https://www.econbiz.de/10012862443
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Financial determinants of consumer price inflation : what do dynamics in money, credit, efficiency and size tell us?
Asongu, Simplice A. - 2012
past few years. Design/methodology/approach - The estimation approach used is a Two-Stage-Least Squares Instrumental … justifying the choice of the estimation approach with a Hausman-test for endogeneity. In the second-step, we verify that the …) estimation with robust Heteroscedasticity and Autocorrelation Consistent (HAC) standard errors; and (3) adoption of two …
Persistent link: https://www.econbiz.de/10011410073
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On the incidence of a financial transactions tax in a model with fire sales
Bierbrauer, Felix - 2012
This paper studies the impact of a financial transactions tax on a financial market where financial institutions trade with each other. Assets are marked to the market and financial institutions with negative equity are forced out of business. There are two main results: First, if all banks have...
Persistent link: https://www.econbiz.de/10009571254
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Incidence of Bank Levy and Bank Market Power
Capelle-Blancard, Gunther - 2014
This is the first analysis of the incidence of a bank tax that is imposed on banks' balance sheets. Within the framework of an oligopolistic version of the Monti-Klein model, the pass-through of a bank tax levied on loans is stronger when elasticity of credit demand is low. To test this...
Persistent link: https://www.econbiz.de/10013060959
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Incidence of Bank Corporate Income Taxes Revisited
Capelle-Blancard, Gunther - 2014
In this paper, we revisit the question of the banks' ability to shift corporate income taxes to customers by increasing their net interest margins. We estimate tax incidence for 1,411 European commercial banks over the period 1992-2008. Unlike earlier studies which suffer from endogeneity...
Persistent link: https://www.econbiz.de/10013060954
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Boring banks and taxes
Aigner, Rafael Christian; Bierbrauer, Felix - 2015 - This version: April 2015
How do taxes in the financial sector affect economic outcomes? We analyze a simple general equilibrium model with financial intermediation. We formalize a trade-off between tax policies that burden the owners of banks and tax policies that burden households. We also study the implications of the...
Persistent link: https://www.econbiz.de/10010509630
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Boring banks and taxes
Aigner, Rafael Christian; Bierbrauer, Felix - 2015
How do taxes in the financial sector affect economic outcomes? We analyze a simple general equilibrium model with financial intermediation. We formalize a trade-off between tax policies that burden the owners of banks and tax policies that burden households. We also study the implications of the...
Persistent link: https://www.econbiz.de/10010508592
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Fighting consumer price inflation in Africa : what do dynamics in money, credit, efficiency and size tell us?
Asongu, Simplice A. - 2012
Purpose - The purpose of this paper is to examine the effects of policy options in financial dynamics (of money, credit, efficiency and size) on consumer prices. Soaring food prices have marked the geopolitical landscape of African countries in the past decade. Design/methodology/approach - We...
Persistent link: https://www.econbiz.de/10011410228
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Who truly bears (bank) taxes? : evidence from only shifting statutory incidence
Jiménez, Gabriel; Martinez-Miera, David; Peydró, … - 2020
Persistent link: https://www.econbiz.de/10012820709