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  • 1
    Online Resource
    Online Resource
    The Rates and Revenue of Bank Transaction Taxes (2006)
    Paris : OECD Publishing
    Details
    UID:
    b3kat_BV047931678
    Format: 1 Online-Ressource (28 Seiten) , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers
    Content: This paper provides cross-country empirical evidence on the productivity of bank transaction taxes (BTTs). Our data set comprises six Latin American countries that have levied BTTs since the late 1980s: Argentina, Brazil, Colombia, Ecuador, Peru and Venezuela. We find that, for a given tax rate, revenue declines over time. Therefore, in order to meet a fixed revenue target in real terms, the tax rate needs to be raised repeatedly. However, we also find that successive increases in the tax rate erode the tax base by more than they raise revenue yield and that the higher the increase in the tax rate, the more and faster the tax base is eroded. We conclude that BTTs do not provide a reliable source of revenue, especially over the medium term
    Language: English
    DOI: 10.1787/652416621832
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext  (URL des Erstveröffentlichers)
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    Online Resource
    Online Access
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    FU Berlin
    EUV Frankfurt
  • 2
    Online Resource
    Online Resource
    The Rates and Revenue of Bank Transaction Taxes (2006)
    Paris : OECD Publishing
    Details
    UID:
    gbv_730011119
    Format: 29 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.494
    Content: This paper provides cross-country empirical evidence on the productivity of bank transaction taxes (BTTs). Our data set comprises six Latin American countries that have levied BTTs since the late 1980s: Argentina, Brazil, Colombia, Ecuador, Peru and Venezuela. We find that, for a given tax rate, revenue declines over time. Therefore, in order to meet a fixed revenue target in real terms, the tax rate needs to be raised repeatedly. However, we also find that successive increases in the tax rate erode the tax base by more than they raise revenue yield and that the higher the increase in the tax rate, the more and faster the tax base is eroded. We conclude that BTTs do not provide a reliable source of revenue, especially over the medium term.
    Language: English
    DOI: 10.1787/652416621832
    URL: Volltext
    URL: lizenzpflichtig
    Library Location Call Number Volume/Issue/Year Availability
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    Online Resource
    Online Access
    Open Access Request
    Stabi Berlin
    UB Potsdam
  • 3
    E-Resource
    E-Resource
    The Rates and Revenue of Bank Transaction Taxes (2006)
    Paris :OECD Publishing,
    Details
    UID:
    edocfu_9958122936902883
    Format: 1 online resource (28 p. )
    Series Statement: OECD Economics Department Working Papers, no.494
    Content: This paper provides cross-country empirical evidence on the productivity of bank transaction taxes (BTTs). Our data set comprises six Latin American countries that have levied BTTs since the late 1980s: Argentina, Brazil, Colombia, Ecuador, Peru and Venezuela. We find that, for a given tax rate, revenue declines over time. Therefore, in order to meet a fixed revenue target in real terms, the tax rate needs to be raised repeatedly. However, we also find that successive increases in the tax rate erode the tax base by more than they raise revenue yield and that the higher the increase in the tax rate, the more and faster the tax base is eroded. We conclude that BTTs do not provide a reliable source of revenue, especially over the medium term.
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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    E-Resource
    FU Berlin get availability status
  • 4
    Online Resource
    Online Resource
    Securities Transaction Taxes and Financial Markets / (2001)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    edoccha_9958077867102883
    Format: 1 online resource (30 pages)
    ISBN: 1-4623-3993-X , 1-4527-6844-7 , 1-281-33135-X , 1-4518-9413-9 , 9786613778765
    Series Statement: IMF Working Papers
    Content: This paper argues that securities transaction taxes "throw sand" not in the wheels, but into the engine of financial markets where the transformation of latent demands into realized transactions takes place. The paper considers the impact of transaction taxes on financial markets in the context of four questions. How important is trading? What causes price volatility? How are prices formed? How valuable is the volume of transactions? The paper concludes that transaction taxes or such equivalents as capital controls can have negative effects on price discovery, volatility, and liquidity and lead to a reduction in the informational efficiency of markets.
    Note: Bibliographic Level Mode of Issuance: Monograph , English
    Additional Edition: ISBN 1-4518-4711-4
    Language: English
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    Online Resource
    Charité
  • 5
    Online Resource
    Online Resource
    Capital Controls : Country Experiences with Their Use and Liberalization (2000)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    edoccha_9958070859302883
    Format: 1 online resource (123 pages)
    ISBN: 1-4623-4615-4 , 1-4527-3318-X , 1-55775-874-3
    Series Statement: Occasional Papers
    Content: This paper examines country experiences with the use and liberalization of capital controls to develop a deeper understanding of the role of capital controls in coping with volatile capital flows, as well as the issues surrounding their liberalization. Detailed analyses of country cases aim to shed light on the motivations to limit capital flows; the role the controls may have played in coping with particular situations, including in financial crises and in limiting short-term inflows; the nature and design of the controls; and their effectivenes and potential costs. The paper also examines the link between prudential policies and capital controls and illstrates the ways in which better prudential practices and accelerated financial reforms could address the risks in cross-border capital transactions.
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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    Online Resource
    Charité
  • 6
    Online Resource
    Online Resource
    Capital Controls : Country Experiences with Their Use and Liberalization (2000)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    edocfu_9958070859302883
    Format: 1 online resource (123 pages)
    ISBN: 1-4623-4615-4 , 1-4527-3318-X , 1-55775-874-3
    Series Statement: Occasional Papers
    Content: This paper examines country experiences with the use and liberalization of capital controls to develop a deeper understanding of the role of capital controls in coping with volatile capital flows, as well as the issues surrounding their liberalization. Detailed analyses of country cases aim to shed light on the motivations to limit capital flows; the role the controls may have played in coping with particular situations, including in financial crises and in limiting short-term inflows; the nature and design of the controls; and their effectivenes and potential costs. The paper also examines the link between prudential policies and capital controls and illstrates the ways in which better prudential practices and accelerated financial reforms could address the risks in cross-border capital transactions.
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    FU Berlin
  • 7
    Online Resource
    Online Resource
    Securities Transaction Taxes and Financial Markets / (2001)
    Washington, D.C. :International Monetary Fund,
    Details
    UID:
    edocfu_9958077867102883
    Format: 1 online resource (30 pages)
    ISBN: 1-4623-3993-X , 1-4527-6844-7 , 1-281-33135-X , 1-4518-9413-9 , 9786613778765
    Series Statement: IMF Working Papers
    Content: This paper argues that securities transaction taxes "throw sand" not in the wheels, but into the engine of financial markets where the transformation of latent demands into realized transactions takes place. The paper considers the impact of transaction taxes on financial markets in the context of four questions. How important is trading? What causes price volatility? How are prices formed? How valuable is the volume of transactions? The paper concludes that transaction taxes or such equivalents as capital controls can have negative effects on price discovery, volatility, and liquidity and lead to a reduction in the informational efficiency of markets.
    Note: Bibliographic Level Mode of Issuance: Monograph , English
    Additional Edition: ISBN 1-4518-4711-4
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    FU Berlin
  • 8
    E-Resource
    E-Resource
    The Rates and Revenue of Bank Transaction Taxes (2006)
    Paris :OECD Publishing,
    Details
    UID:
    almafu_9958122936902883
    Format: 1 online resource (28 p. )
    Series Statement: OECD Economics Department Working Papers, no.494
    Content: This paper provides cross-country empirical evidence on the productivity of bank transaction taxes (BTTs). Our data set comprises six Latin American countries that have levied BTTs since the late 1980s: Argentina, Brazil, Colombia, Ecuador, Peru and Venezuela. We find that, for a given tax rate, revenue declines over time. Therefore, in order to meet a fixed revenue target in real terms, the tax rate needs to be raised repeatedly. However, we also find that successive increases in the tax rate erode the tax base by more than they raise revenue yield and that the higher the increase in the tax rate, the more and faster the tax base is eroded. We conclude that BTTs do not provide a reliable source of revenue, especially over the medium term.
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    E-Resource
    Charité get availability status
  • 9
    Online Resource
    Online Resource
    Capital Controls : Country Experiences with Their Use and Liberalization (2000)
    Washington, D.C : International Monetary Fund
    Details
    UID:
    gbv_845920049
    Format: Online-Ressource (123 p)
    Edition: Online-Ausg.
    ISBN: 1557758743 , 9781557758743
    Series Statement: Occasional Papers Occasional Paper No. 190
    Content: This paper examines country experiences with the use and liberalization of capital controls to develop a deeper understanding of the role of capital controls in coping with volatile capital flows, as well as the issues surrounding their liberalization. Detailed analyses of country cases aim to shed light on the motivations to limit capital flows; the role the controls may have played in coping with particular situations, including in financial crises and in limiting short-term inflows; the nature and design of the controls; and their effectivenes and potential costs. The paper also examines the link between prudential policies and capital controls and illstrates the ways in which better prudential practices and accelerated financial reforms could address the risks in cross-border capital transactions
    Additional Edition: Erscheint auch als Druck-Ausgabe Ariyoshi, Akira Capital Controls: Country Experiences with Their Use and Liberalization Washington, D.C. : International Monetary Fund, 2000 ISBN 9781557758743
    Language: English
    DOI: 10.5089/9781557758743.084
    URL: kostenfrei
    Library Location Call Number Volume/Issue/Year Availability
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    Online Resource
    Open Access Request
    Stabi Berlin
  • 10
    Online Resource
    Online Resource
    Securities Transaction Taxes and Financial Markets (2001)
    Washington, D.C : International Monetary Fund
    Details
    UID:
    gbv_84590423X
    Format: Online-Ressource (30 p)
    Edition: Online-Ausg.
    ISBN: 1451847114 , 9781451847116
    Series Statement: IMF Working Papers Working Paper No. 01/51
    Content: This paper argues that securities transaction taxes ""throw sand"" not in the wheels, but into the engine of financial markets where the transformation of latent demands into realized transactions takes place. The paper considers the impact of transaction taxes on financial markets in the context of four questions. How important is trading? What causes price volatility? How are prices formed? How valuable is the volume of transactions? The paper concludes that transaction taxes or such equivalents as capital controls can have negative effects on price discovery, volatility, and liquidity and lead to a reduction in the informational efficiency of markets
    Additional Edition: Erscheint auch als Druck-Ausgabe Habermeier, Karl Securities Transaction Taxes and Financial Markets Washington, D.C. : International Monetary Fund, 2001 ISBN 9781451847116
    Language: English
    DOI: 10.5089/9781451847116.001
    URL: kostenfrei
    URL: kostenfrei
    Library Location Call Number Volume/Issue/Year Availability
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    Online Resource
    Open Access Request
    Stabi Berlin
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