Category=KFFD
emerging economies
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_nobargain
eq_non-fiction
financial intermediation
financial sector
financial transactions
intermediaries
tax reform
tax schemes
taxation
VAT
Product details
- ISBN 9780821354346
- Weight: 766g
- Dimensions: 155 x 233mm
- Publication Date: 30 Jun 2003
- Publisher: World Bank Publications
- Publication City/Country: US
- Product Form: Paperback
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This volume examines the possibilities and pitfalls for successful financial sector tax reform from theoretical, empirical and practical perspectives. It explores the possibilities and limitations of ""big ideas"" such as removal of all capital income taxation, the application of VAT to financial services, or heavy reliance on financial transactions taxes. The risks of attempting to use financial sector taxes as corrective instruments are stressed. Two defensive criteria are advanced as key: making the financial tax system as arbitrage- and inflation-proof as possible.
