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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
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
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/10013104166
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 …
Persistent link: https://www.econbiz.de/10013085891
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 …
Persistent link: https://www.econbiz.de/10012868051
is pushing for reforms of the existing regulatory framework and has also proposed a Financial Transaction Tax. Until now … Tax pushed forward through the enhanced cooperation mechanism.This article analyses the interplay between the financial … market regulation, including the European Union's reform proposals, and the proposed Financial Transaction Tax. The authors …
Persistent link: https://www.econbiz.de/10013054478
-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 …
Persistent link: https://www.econbiz.de/10013229737
In light of the recently passed 2010 Dodd-Frank Act, we assess the effect of margin changes on prices, the risk-sharing between speculators and hedgers, and the price stability of 20 commodity futures markets. We find that margin increases decrease the rate at which prices change, yet they...
Persistent link: https://www.econbiz.de/10010472794