This paper, originally designed to focus on discovering a suitable tax structure that befits an aspiring LMIE as it … composition of taxes without focussing in equal measure on the issue of the size of tax revenue at stake, namely the tax effort … over the recent decades. Finally, we delve into the issues of fundamental reforms of the tax system as well as of the …

This study presents in detail the concept of a financial transaction tax (FTT) and the theoretical and empirical … cooperation is deemed a central prerequisite for an efficient FTT. The purpose of the tax is to raise substantial revenues and … revenue potential of a global FTT and report how much revenues would accrue to specific countries. We estimate that the tax …

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 …

of corruption in the society all farms of corruptions has to be internalized by introducing a permit and tax for …

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 …

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 …

In the wake of the recent financial crisis, several commentators have suggested a transaction tax on financial markets …. The potential consequences of such a tax could be hazardous to the financial markets affected as well as to the economy … possible impact of a transaction tax on U.S. futures market activity as well as its utility as potential tax revenue. We find …

-fixed exchange rates thanks to capital controls, James Tobin conceived his now famous “Tobin tax”. Since then, some supporters of his …) in particular has proposed a two-tier Currency Transaction Tax (hereafter CTT). The CTT could curb the usual speculation …

Transaction Tax (STT) between 1932 and 1981. We find that when there is an increase in the level of an STT, individual stock … switch trading locations to avoid the tax and find mixed evidence that they will change locations …