International Experiences with Securities Transaction Taxes

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Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (331 download)

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Book Synopsis International Experiences with Securities Transaction Taxes by : John Y. Campbell

Download or read book International Experiences with Securities Transaction Taxes written by John Y. Campbell and published by . This book was released on 1994 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper studies the international experience with securities transaction taxes (STTs), using the Swedish and British systems as case studies. We argue that STTs are best thought of as taxes on different resources used in transactions: domestic brokerage services in the case of Sweden, and registration services in the British case. STTs give investors incentives to economize on the taxed resources by shifting trading to foreign markets or untaxed assets, or by reducing the volume of trade. We show that these effects can be important. Estimated revenues from an STT will be correspondingly overstated if they ignore such behavioral effects."--Abstract.

International Experiences with Transactions Taxes

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis International Experiences with Transactions Taxes by : John Y. Campbell

Download or read book International Experiences with Transactions Taxes written by John Y. Campbell and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the international experience with securities transaction taxes (STTs), using the Swedish and British systems as case studies. We argue that STTs are best thought of as taxes on different resources used in transactions: domestic brokerage services in the case of Sweden, and registration services in the British case. STTs give investors incentives to economize on the taxed resources by shifting trading to foreign markets or untaxed assets, or by reducing the volume of trade. We show that these effects can be important. Estimated revenues from an STT will be correspondingly overstated if they ignore such behavioral effects.

Securities Transaction Taxes

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ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (295 download)

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Book Synopsis Securities Transaction Taxes by : Kenneth Froot

Download or read book Securities Transaction Taxes written by Kenneth Froot and published by . This book was released on 1993 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:

INTERNATIONAL EXPERIENCES WITH SECURITES TRANSACTION TAXES

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (119 download)

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Book Synopsis INTERNATIONAL EXPERIENCES WITH SECURITES TRANSACTION TAXES by : John Y. CAMPBELL

Download or read book INTERNATIONAL EXPERIENCES WITH SECURITES TRANSACTION TAXES written by John Y. CAMPBELL and published by . This book was released on 1993 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Experience with Securities Transactions Taxes

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (859 download)

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Book Synopsis International Experience with Securities Transactions Taxes by : John Y. Campbell

Download or read book International Experience with Securities Transactions Taxes written by John Y. Campbell and published by . This book was released on 1993 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Transactions Taxes

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Publisher :
ISBN 13 : 9780660168005
Total Pages : 14 pages
Book Rating : 4.1/5 (68 download)

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Book Synopsis Financial Transactions Taxes by : Marion Wrobel

Download or read book Financial Transactions Taxes written by Marion Wrobel and published by . This book was released on 1996 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Securities Transaction Taxes and Market Quality of Equity and Futures Markets

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Publisher :
ISBN 13 :
Total Pages : 15 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Securities Transaction Taxes and Market Quality of Equity and Futures Markets by : George H. K. Wang

Download or read book Securities Transaction Taxes and Market Quality of Equity and Futures Markets written by George H. K. Wang and published by . This book was released on 2018 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses arguments for and against a securities transaction tax (STT) and evaluates the pros and cons based on a review of empirical evidence concerning the impact of STTs on equity and futures markets (i.e., trading volume, bid-ask spreads, and price volatility) and market efficiency in various countries. I find that an STT would likely reduce trading volume and increase trading cost, but may not reduce price volatility. The size of potential STT revenue depends on the STT's impact on market activity. A sizable STT on futures and equity markets would not only fail to generate the expected tax revenue, it would also likely hurt the international competitiveness of US equity and futures markets.

Taxing Financial Transactions

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Publisher : International Monetary Fund
ISBN 13 : 1455220981
Total Pages : 50 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Taxing Financial Transactions by : Ms.Thornton Matheson

Download or read book Taxing Financial Transactions written by Ms.Thornton Matheson and published by International Monetary Fund. This book was released on 2011-03-01 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: In reaction to the recent financial crisis, increased attention has recently been given to financial transaction taxes (FTTs) as a means of (1) raising revenue for a variety of possible purposes and/or (2) helping to curb financial market excesses. This paper reviews existing theory and evidence on the efficacy of an FTT in fulfilling those tasks, on its potential impact, and on key issues to be faced in designing taxes of this kind.

Securities Transaction Taxes

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Publisher : Irwin Professional Publishing
ISBN 13 :
Total Pages : 216 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis Securities Transaction Taxes by : Catalyst Institute

Download or read book Securities Transaction Taxes written by Catalyst Institute and published by Irwin Professional Publishing. This book was released on 1994 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: You'll gain an understanding of all sides of this public policy debate - implementation issues, global concerns, and more - that will help you to gage the soundness of current arguments for and against STTs and to come to your own conclusions about their effectiveness.

The Internationalization of Equity Markets

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Publisher : University of Chicago Press
ISBN 13 : 0226260216
Total Pages : 428 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis The Internationalization of Equity Markets by : Jeffrey A. Frankel

Download or read book The Internationalization of Equity Markets written by Jeffrey A. Frankel and published by University of Chicago Press. This book was released on 2008-04-15 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely volume addresses three important recent trends in the internationalization of United States equity markets: extensive market integration through foreign investment and links among stock prices around the world; increasing securitization as countries such as Japan come to rely more than ever before on markets in equities and bonds at the expense of banks; and the opening of national financial systems of newly industrializing countries to international financial flows and institutions, as governments remove capital controls and other barriers. Eight essays examine such issues as the current extent of international market integration, gains to U.S. investors through international diversification, home-country bias in investing, the role of time and location around the world in stock trading, and the behavior of country funds. Other, long-standing questions about equity markets are also addressed, including market efficiency and the accuracy of models of expected returns, with a particular focus on variances, covariances, and the price of risk according to the Capital Asset Pricing Model.

Financial Transactions Taxes

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Publisher : International Monetary Fund
ISBN 13 : 1451849958
Total Pages : 21 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Financial Transactions Taxes by : Mr.Parthasarathi Shome

Download or read book Financial Transactions Taxes written by Mr.Parthasarathi Shome and published by International Monetary Fund. This book was released on 1995-08-01 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial transactions taxes have recently gained attention as a possible means to influence the behavior of financial markets and to reduce destabilizing capital flows. One variation is a tax on all foreign currency conversions, often termed a “Tobin tax.” This paper suggests that these taxes would probably not produce the desired effects and would be difficult to design and implement. It is unclear that the possible advantages in reducing some short-term speculative trading would outweigh the possible disadvantages in impairing the efficiency of financial markets. From an administrative perspective, without a broad international consensus and application, these taxes are likely to be easily avoided.

U.S. Taxation of International Mergers, Acquisitions, and Joint Ventures

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (95 download)

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Book Synopsis U.S. Taxation of International Mergers, Acquisitions, and Joint Ventures by : D. Kevin Dolan

Download or read book U.S. Taxation of International Mergers, Acquisitions, and Joint Ventures written by D. Kevin Dolan and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Taxation of Trust Income

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Publisher : Cambridge University Press
ISBN 13 : 1108492258
Total Pages : 417 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis International Taxation of Trust Income by : Mark Brabazon

Download or read book International Taxation of Trust Income written by Mark Brabazon and published by Cambridge University Press. This book was released on 2019-05-02 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book identifies a set of principles and corresponding tax settings that countries may apply to cross-border income derived by, through, or from a trust and will appeal to international tax practitioners, administrators, policymakers, academics, and students.

International Financial Flows and Transactions Taxes

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Publisher : International Monetary Fund
ISBN 13 : 1451847998
Total Pages : 62 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis International Financial Flows and Transactions Taxes by : Mr.P. Bernd Spahn

Download or read book International Financial Flows and Transactions Taxes written by Mr.P. Bernd Spahn and published by International Monetary Fund. This book was released on 1995-06-01 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tobin has suggested that exchange rate volatility be controlled through a tax on international financial transactions. This analysis shows that the Tobin tax as a pure transaction tax is not viable. The tax would impair financial operations and create international liquidity problems. It is also unlikely to deter speculation. However, a possible alternative would be a two-tier rate structure—consisting of a low-rate transaction tax plus an exchange surcharge. The exchange rate could move freely within a “crawling” exchange rate band, but overshooting the band would trigger a tax on an “externality,” which is the discrepancy between the market exchange rate and the closest margin of the band. The scheme is inspired by the European Monetary System. However, exchange rates would be kept within the target range through a tax, not through interest policy or central bank sterilization and, eventually, the depletion of international reserves.

State Taxation

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Publisher :
ISBN 13 : 9780791336496
Total Pages : 0 pages
Book Rating : 4.3/5 (364 download)

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Book Synopsis State Taxation by : Jerome R. Hellerstein

Download or read book State Taxation written by Jerome R. Hellerstein and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Evidence on the Effects of Having No Capital Gains Taxes

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Publisher : The Fraser Institute
ISBN 13 : 0889751897
Total Pages : 36 pages
Book Rating : 4.8/5 (897 download)

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Book Synopsis International Evidence on the Effects of Having No Capital Gains Taxes by : Fraser Institute (Vancouver, B.C.)

Download or read book International Evidence on the Effects of Having No Capital Gains Taxes written by Fraser Institute (Vancouver, B.C.) and published by The Fraser Institute. This book was released on 2001 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial sector taxation

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Publisher :
ISBN 13 : 9789279187353
Total Pages : 44 pages
Book Rating : 4.1/5 (873 download)

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Book Synopsis Financial sector taxation by : [Anonymus AC08741538]

Download or read book Financial sector taxation written by [Anonymus AC08741538] and published by . This book was released on 2010 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The global economic and financial crisis has created important needs for fiscal consolidation. This document analyses potential instruments to raise additional tax revenues from the financial sector. The first section reviews the current policy objectives related to the taxation of the financial sector. The second section sheds some light on the current tax treatment of the financial sector. The third section discusses potential tax instruments to reach the goals. The fourth and fifth section respectively assess the advantages and drawbacks of a Financial Transaction Tax and a Financial Activities Tax."--Editor.