Taxation of financial intermediation : theory and practice for emerging economies
This volume examines the possibilities and pitfalls to 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 fin...
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Washington, D.C.
World Bank
2003
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Table of Contents:
- Foreword
- Preface
- Contributors
- 1. Avoiding the pitfalls in taxing financial intermediation / Patrick Honohan
- Pt. 1. Theoretical and system-wide issues: 2. Theoretical perspectives on the taxation of capital income and financial services / Robin Boadway and Michael Keen
- 3. Taxation of banks: modeling the impact / Ramon Caminal
- 4. Tax incentives for household saving and borrowing / Tullio Jappelli and Luigi Pistaferri
- 5. Corrective taxes and quasi-taxes for financial institutions and their interaction with deposit insurance / Philip L. Brock
- Pt. 2. Practical experience: 6. Taxation of financial intermediation in industrial countries / Mattias Levin and Peer Ritter
- 7. Seigniorage, reserve requirements, and bank spreads in Brazil / Eliana Cardoso
- 8. Taxation of financial intermediaries as a source of budget revenue: Russia in the 1990s / Brigitte Granville
- Pt. 3. Particular taxes: 9. Corporate income tax treatment of loan-loss reserves / Emil M. Sunley
- 10. Bank debit taxes: yield versus disintermediation / Andrei Kirilenko and Victoria Summers
- 11. Securities transaction taxes and financial markets / Karl Habermeier and Andrei Kirilenko
- 12. Consumption taxes: the role of the value-added tax / Satya Poddar
- 13. The accidental tax: inflation and the financial sector / Patrick Honohan
- Index
- Tables and figures