Taxation and the Financial Crisis (eBook, PDF)

Redaktion: Alworth, Julian S.; Arachi, Giampaolo

• Format: PDF

Produktbeschreibung

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.

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Produktdetails

• Verlag: Oxford University Press
• Erscheinungstermin: 23. Februar 2012
• Englisch
• ISBN-13: 9780191624087
• Artikelnr.: 38126740

Autorenporträt

Julian Alworth holds an M.Sc. from the University of Maryland and a D.Phil from Oxford University. His research interests include business taxation with a special focus on international issues, public policies towards financial markets and institutions as well the modelling of retirement, and pension decisions. Giampaolo Arachi holds an M.Phil. in Economics from the University of Oxford and a Ph.D. in Public finance from the University of Pavia. His research interests include the effects of taxes on business decisions and on financial markets but also local public finance and fiscal federalism issues.

Inhaltsangabe

* 1: Julian S. Alworth and Giampaolo Arachi: Taxation and the Financial
Crisis
* 2: Michael Keen, Alexander Klemm, and Victoria Perry: Tax and the
Crisis
* 3: Thomas Hemmelgarn, Gaetan Nicodeme and Ernesto Zangari: The Role
of Housing Tax Provisions in the 2008 Financial Crisis
* 4: Vieri Ceriani, Stefano Manestra, Giacomo Ricotti, and Alessandra
Sanelli: The Role of Taxes in Compensation Schemes and Structured
Finance
* 5: Thomas Hemmelgarn and Gaetan Nicodeme: Can Tax Policy Help to
Prevent Financial Crisis?
* 6: Douglas A. Shackelford, Daniel N. Shaviro, and Joel Slemrod:
Taxation and the Financial Sector
* 7: Daniel Shaviro: The 2008 Financial Crisis: Implications for Income
Tax Reform
* 8: Geoff Lloyd: Moving Beyond the Crisis: Strengthening Understanding
of How Tax Policies Affect the Soundness of Financial Markets
* 9: Robert McCauley and Kazuo Ueda: Government Debt Management at Low
Interest Rates
* 10: Katarzyna Anna Bilicka, Michael P. Devereux, Clemens Fuest: What
Do We Know About the Effects of Fiscal Consolidation on Short Term
Growth? Implications for the UK
* 11: Donato Masciandaro and Francesco Passarelli: Financial Systemic
Risk, Regulation and Taxation: The Economic and Political Dimensions