The Resource Notes on the conditions for a corrective financial transaction tax

Notes on the conditions for a corrective financial transaction tax

Label
Notes on the conditions for a corrective financial transaction tax
Title
Notes on the conditions for a corrective financial transaction tax
Creator
Subject
Language
eng
Summary
In the aftermath of the financial crisis of 2007-2008, a general belief has emerged that some practices and behaviours carried out by financial agents have led to risky, selfish and unreliable conduct within financial markets. Such a belief leads to a new discussion on the regulation of the financial sector, comprising possible governmental interventions through corrective taxes. This article aims to establish the premises and conditions which must be observed in the possible implementation of a Financial Transaction Tax (FTT) with corrective objectives. At this time, it seems to be extremely useful to set forth the fundamental legal basis for this kind of taxation, since the legitimacy or adequacy of all concrete cases and specific legal provisions will depend on such legal grounds. To reach such an aim, the author: (i) addresses the justification and possible corrective objectives of the taxation on financial market; (ii) establishes the basic elements of FTTs; (iii) analyses the reasoning for the implementation of a corrective FTT; and finally, (iv) examines some specific issues related to the effects of the mentioned corrective taxation, which must be addressed in order to ensure the efficiency of such a tax
Citation source
In: Intertax. - Alphen aan den Rijn. - Vol. 42 (2014),
http://library.link/vocab/creatorName
Tavares, D. Ferraz Lemos
Geographic coverage
International
Language note
English
http://library.link/vocab/subjectName
  • financial transaction tax
  • Pigovian tax
  • tax competition
Label
Notes on the conditions for a corrective financial transaction tax
Instantiates
Publication
Label
Notes on the conditions for a corrective financial transaction tax
Publication

Library Locations

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      52.3736660 4.9336932
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