Publication:
Taxation of Financial Intermediation : Theory and Practice for Emerging Economines

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dc.contributor.authorHonohan, Patrick
dc.contributor.editorHonohan, Patrick
dc.date.accessioned2013-08-16T16:58:28Z
dc.date.available2013-08-16T16:58:28Z
dc.date.issued2003
dc.description.abstractThis 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 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 is practicable. Each commissioned essay develops a distinct aspect of the area. Theoretical chapters model the impact of taxes on intermediaries, the design of optimal tax schemes, the role of imperfect information and the relationship with saving. Current practice in the industrial world and case studies of distorted national systems provide an empirical underpinning. Finally, experience with several of the main practical issues is discussed in chapters ranging from the income tax treatment of intermediary loan-loss reserves, the VAT, financial transactions taxes, deposit insurance and inflation. Contributors are distinguished academics and practitioners.en
dc.identifierhttp://documents.worldbank.org/curated/en/2003/06/2481636/taxation-financial-intermediation-theory-practice-emerging-economines
dc.identifier.doi10.1596/0-8213-5434-5
dc.identifier.isbn0-8213-5434-5
dc.identifier.urihttps://hdl.handle.net/10986/15122
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank and Oxford University Press
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCOUNTING
dc.subjectARBITRAGE
dc.subjectASYMMETRIC INFORMATION
dc.subjectBALANCE SHEET
dc.subjectBANK RESERVES
dc.subjectBANK VALUE
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBENCHMARK
dc.subjectBORROWING
dc.subjectCAPITAL GAINS
dc.subjectCAPITAL LOANS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCLOSED ECONOMIES
dc.subjectCOMMERCIAL BANKS
dc.subjectCONSUMPTION TAXES
dc.subjectCORPORATE INCOME TAX
dc.subjectDEBT
dc.subjectDEPOSIT INSURANCE
dc.subjectDISINTERMEDIATION
dc.subjectDIVIDENDS
dc.subjectECONOMIC EFFICIENCY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC RENT
dc.subjectELASTICITY
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEQUILIBRIUM
dc.subjectEXPENDITURES
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL REGULATION
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SYSTEMS
dc.subjectFINANCIAL TRANSACTIONS
dc.subjectFOREIGN EXCHANGE
dc.subjectGDP
dc.subjectGOVERNMENT SECURITIES
dc.subjectGROSS REVENUE
dc.subjectHOUSING
dc.subjectHOUSING FINANCE
dc.subjectINCOME
dc.subjectINCOME TAXES
dc.subjectINDEXATION
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINTEREST INCOME
dc.subjectINTEREST RATES
dc.subjectLICENSES
dc.subjectLIQUIDITY
dc.subjectMINIMUM RESERVE REQUIREMENTS
dc.subjectNATIONAL BUDGETS
dc.subjectNET MARGIN
dc.subjectNOMINAL INTEREST RATES
dc.subjectNONTAX REVENUE
dc.subjectOPPORTUNITY COST
dc.subjectPROFITABILITY
dc.subjectPROPERTY OWNERSHIP
dc.subjectPROVISIONING
dc.subjectPROVISIONS
dc.subjectPUBLIC POLICY
dc.subjectPURE PROFIT
dc.subjectREAL INTEREST RATE
dc.subjectREGULATORY POLICY
dc.subjectRESERVE REQUIREMENTS
dc.subjectRETIREMENT
dc.subjectSALES TAXES
dc.subjectSIDE EFFECTS
dc.subjectSTATE ENTERPRISES
dc.subjectSUBSIDIARY
dc.subjectTAX
dc.subjectTAX ADMINISTRATION
dc.subjectTAX COLLECTION
dc.subjectTAX INCENTIVES
dc.subjectTAX RATES
dc.subjectTAX REFORM
dc.subjectTAX REVENUE
dc.subjectTAX SYSTEMS
dc.subjectTAXATION
dc.subjectTIME DEPOSITS
dc.subjectVALUE ADDED
dc.subjectWEALTH
dc.titleTaxation of Financial Intermediation : Theory and Practice for Emerging Econominesen
dspace.entity.typePublication
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2003/06/2481636/taxation-financial-intermediation-theory-practice-emerging-economines
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeFinance and Markets
okr.guid652221468780884792
okr.identifier.doi10.1596/0-8213-5434-5
okr.identifier.externaldocumentum000090341_20030814144144
okr.identifier.internaldocumentum2481636
okr.identifier.report26511
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2003/08/14/000090341_20030814144144/Rendered/PDF/265110PAPER0Ta1ncial0intermediation.pdfen
okr.topicEconomic Theory and Research
okr.topicBanks and Banking Reform
okr.topicUrban Development::Urban Economics
okr.topicEnvironmental Economics and Policies
okr.topicPublic Sector Economics and Finance
okr.topicFinance and Financial Sector Development
okr.unitOffice of the Vice President (FSEVP)
okr.volume1 of 1
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