Download Full eBooks in PDF
Taxing Portfolio Income In Global Financial Markets Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Taxing Portfolio Income In Global Financial Markets book. This book definitely worth reading, it is an incredibly well-written.
Author : Doron Herman
Publisher : IBFD
Page : 503 pages
File Size : 51,8 Mb
Release : 2002
Category : Double taxation
ISBN : 9789076078441
Author : Paolo Roberti
Publisher : North-Holland
Page : 436 pages
File Size : 51,6 Mb
Release : 1998
Category : Business & Economics
ISBN : UOM:39015043088510
The book describes the developments and the evidence, the problems and the interrelationships among problems, the outlook, and the intricate balance between the national and the international dimensions of the policy issues faced by tax administrations in OECD countries in the field of financial markets and capital income taxation in the wake of profound technological change and market globalization.The book provides a broad perspective of the problems, comparing thoughts on how the problems may be best dealt with, and using lessons from experience with theoretical and policy developments in a number of countries including the EU, North America and Australia.The book focuses on the following topics: bull; falling barriers, increased capital mobility, and the challenges of capital market globalization bull; the implications, for capital income taxation, of technological innovation and new financial products bull; tax distortions and international market pressures for national tax system conformity bull; questions of national tax sovereignty and the constraints imposed on governments by tax competition bull; the growing need for tax cooperation bull; emerging national and international capital taxation issues, including the premise that international cooperation may be key to solving, or at least alleviating, the existing and predicted tax problems.
Author : Julian S. Alworth,Giampaolo Arachi
Publisher : Oxford University Press
Page : 336 pages
File Size : 47,6 Mb
Release : 2012-02-23
Category : Business & Economics
ISBN : 9780191624087
This is an open access title available under the terms of a CC BY-NC-ND 3.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. The financial crisis triggered a global debate on the taxation of the financial sector. A number of international policy initiatives, most notably by the G-20, have called for major changes to the tax treatment of financial institutions and transactions, as well as to working practice within the financial sector. This book examines how tax policies contributed to the financial crisis and whether taxation can play a role in the reform efforts to establish a sounder and safer financial system. It looks at the pros and cons of various tax initiatives including limiting the tax advantages to debt financing; special taxes on the financial sector; and financial transactions taxes. It examines policy concerns such as: the manner in which the financial sector should "pay" for its bailout and the role of accumulated tax losses on financial institutions' behaviour; the role that taxes may play in correcting the systemic externalities associated with "too big to fail"; the types of tax that are most appropriate for financial institutions and markets ("excess profits" versus "financial transactions taxes"); the interaction between taxes and the regulation of the financial sector; and the role of taxation in countercyclical and macroeconomic policies.
Author : Mr.Howell H. Zee
Publisher : International Monetary Fund
Page : 100 pages
File Size : 49,5 Mb
Release : 2004-04-16
Category : Business & Economics
ISBN : 9781589063167
One of the most complex issues in tax policy today is the treatment of the institutions, products, and services that make up the financial sector. It can be harder to ascertain income, expenses, and profits for financial firms than for firms selling goods and services, and it is easier for individuals and firms to manipulate financial transactions so as to exploit tax loopholes. This volume explores the challenges faced by tax policymakers and identifies modern best practices in several areas: banks, insurance companies, securities companies, investment funds, pension funds, and derivatives.
Author : Mr.John R. King,Mr.Vito Tanzi
Publisher : International Monetary Fund
Page : 32 pages
File Size : 49,6 Mb
Release : 1995-05-01
Category : Business & Economics
ISBN : 9781451846515
Taxes affect the degree and efficiency of financial intermediation in many different ways. This paper summarizes the main tax provisions in OECD countries that affect the overall “tax wedge” between pre-tax returns on investments, and the post-tax yield on the savings that finance them. This tax wedge is shown to vary widely, in individual countries, according to the different ways in which savings are channeled through financial markets. The paper then discusses alternative criteria for assessing tax regimes for financial assets, and summarizes recent trends in OECD countries.
Author : Fraser Institute (Vancouver, B.C.)
Publisher : The Fraser Institute
Page : 36 pages
File Size : 48,8 Mb
Release : 2001
Category : Capital gains tax
ISBN : 9780889751897
Author : André Fok Kam
Publisher : IFSE Institute
Page : 144 pages
File Size : 54,6 Mb
Release : 2014-06-30
Category : Business & Economics
ISBN : 9780993645204
Tax is an expense of investing, in the same way as brokerage commissions or management fees. By paying attention to the tax consequences of their investing decisions, investors can substantially increase the amount of investment income that ends up in their pocket at the end of the day. This book will give Canadian investors the tools they need to maximise the after-tax return on their investments while taking their risk tolerance into account. It is relevant to investors who hold individual stocks and bonds as well as those who invest through mutual funds, exchange-traded funds and similar products.
Author : Ms. Thornton Matheson
Publisher : International Monetary Fund
Page : 51 pages
File Size : 50,7 Mb
Release : 2011-03-01
Category : Business & Economics
ISBN : 9781455222063
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.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 44 pages
File Size : 50,7 Mb
Release : 1990-06-01
Category : Business & Economics
ISBN : 9781451969504
The paper describes the evolution of the corporate stock and bond markets in Korea and the Government’s role in this evolution and its policy with regard to internationalization of the capital market. The paper analyzes problems encountered in gradually opening the Korean capital market to foreign participation and suggests alternative methods of taxing the windfall that will be generated. It also discusses the desirability of taxing the capital gains on financial assets as part of the global income tax in Korea.
Author : [Anonymus AC08741538]
Publisher : Unknown
Page : 44 pages
File Size : 47,6 Mb
Release : 2010
Category : Electronic
ISBN : 927918735X
"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.
Author : Assaf Razin,Joel Slemrod
Publisher : University of Chicago Press
Page : 456 pages
File Size : 42,8 Mb
Release : 2008-04-15
Category : Business & Economics
ISBN : 9780226705880
The increasing globalization of economic activity is bringing an awareness of the international consequences of tax policy. The move toward the common European market in 1992 raises the important question of how inefficiencies in the various tax systems—such as self-defeating tax competition among member nations—will be addressed. As barriers to trade and investment tumble, cross-national differences in tax structures may loom larger and create incentives for relocations of capital and labor; and efficient and equitable income tax systems are becoming more difficult to administer and enforce, particularly because of the growing importance of multinational enterprises. What will be the role of tax policy in this more integrated world economy? Assaf Razin and Joel Slemrod gathered experts from two traditionally distinct specialties, taxation and international economics, to lay the groundwork for understanding these issues, which will require the attention of scholars and policymakers for years to come. Contributors describe the basic provisions of the U.S. tax code with respect to international transactions, highlighting the changes contained in the U.S. Tax Reform Act of 1986; explore the ways that tax systems influence the decisions of multinationals; examine the effect of taxation on trade patterns and capital flows; and discuss the implications of the opening world economy for the design of optimal international tax policy. The papers will prove valuable not only to scholars and students, but to government economists and international tax lawyers as well.
Author : Richard Snoeij
Publisher : Kluwer Law International B.V.
Page : 378 pages
File Size : 52,9 Mb
Release : 2018-04-18
Category : Law
ISBN : 9789041194336
An increasing number of States have entered the market looking to invest resources in foreign assets. This emergence of States acting as investors, managing the wealth of a nation and competing in the marketplace with private investors, has attracted growing and wide attention. This book is the first in-depth analysis of the international tax aspects of sovereign wealth investors, and serves as a comprehensive guide to designing tax policy, from a source State perspective, toward inbound sovereign wealth investment. Drawing on a wide range of relevant sources, including international instruments, domestic tax legislation, administrative practice, (international) case law and the writings of highly qualified publicists, the author fully addresses the following aspects of the subject: – the definition, functions, legal form, governance, home State tax status, etc. of sovereign wealth investors; – tax policy considerations and objectives (i.e., neutrality, equity and international attractiveness) from a source State perspective vis-à-vis foreign sovereign wealth investors; and – the potential impact of the sovereign immunity principle, bilateral tax treaties and European (Union) law on source States’ ability to achieve these tax policy objectives in relation to foreign sovereign wealth investors. The conceptual framework developed by the author will greatly assist source States in introducing new tax policy or in evaluating or reconsidering their existing tax policy vis-à-vis foreign sovereign wealth investors. In addition, practitioners, academics and (home States of) sovereign wealth investors will welcome this first authoritative analysis of an important but insufficiently understood subject in international tax.
Author : Gary Clyde Hufbauer
Publisher : Peterson Institute
Page : 340 pages
File Size : 44,8 Mb
Release : 2007
Category : Corporations, Foreign
ISBN : 9780881325737
Author : Chukwudumogu, Chidozie G.
Publisher : Edward Elgar Publishing
Page : 240 pages
File Size : 44,7 Mb
Release : 2021-12-10
Category : Law
ISBN : 9781802200355
This comprehensive book adopts a nuanced yet straightforward approach to analysing the complex phenomenon of international tax competition. Using the ongoing international efforts of the Organisation for Economic Co-operation and Development (OECD) and the European Union (EU) as a basis for its analysis, it explores the mixed effects of tax competition and offers an effective approach that takes account of the asymmetrical global context.
Author : Jérôme Monsenego
Publisher : IBFD
Page : 415 pages
File Size : 50,6 Mb
Release : 2012
Category : Business enterprises, Foreign
ISBN : 9789087221133
The rules of the Member States on the taxation of the foreign business income of companies, whether such rules are based on the fiscal principle of territoriality or on the principle of worldwide taxation, are in conflict with the objective of achievement of the internal market. This objective is indeed difficult to reach when it comes to the taxation of foreign income, given that the Member States are far from taxing companies doing business cross-border as if their operations were purely domestic. Areas of conflict include particularly the taxation of foreign profits, the deduction of foreign losses, the elimination of international double taxation and the attribution of profits to permanent establishments. This dissertation analyses this conflict on the basis of a study of the case law of the European Court of Justice as well as some of the key provisions of the European treaties. It appears that both the fiscal principle of territoriality and the principle of worldwide taxation give rise to complex issues of compatibility with the law of the European Union. Although the analysis conducted throughout the dissertation provides some guidance for the taxation of the foreign business income of companies, it is concluded that the Court cannot, by itself, efficiently resolve the conflict between such taxation and the objective of achievement of the internal market.