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 …

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 …

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 …

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 …

We show that previous results suggesting that government ownership of banks is associated with lower long run growth …-country evidence for 1995-2007 which suggests that, if anything, government ownership of banks has been robustly associated with higher … government owned banks could be more conducive to economic growth than privately-owned banks. -- Public banks ; economic growth …

In this paper we study systemic risk for the US and Europe. We show that banks' exposures to common risk factors are … crucial for systemic risk. We come to this conclusion by first showing that relations between US and European banks are … smaller than within each region. We then show that European banks react more strongly to the onset of the financial crisis …

curtailed credit supply, particularly at less-well capitalized banks. Second, such negative impact was larger for countries … significantly smaller for foreign-owned banks, suggesting that opening up to foreign investors may be an effective way to partly … shield the domestic banking sector from negative shocks. Overall, CAR enforcement — by inducing banks to reduce their lending …