Examining the taxation and regulation of banks, this book highlights the views of practitioners, tax experts, policy makers and academics on the appropriateness and effectiveness of bank taxation in the light of the financial crisis. It covers the topical issues of whether the EU should introduce a financial transactions, `Tobin' or `Robin Hood' tax and whether VAT should be extended to financial services.
This comprehensive book offers an ethical perspective on bank taxation and financial stability to complement the traditional political economy approach. It also considers how a bank levy or financial activities tax, could be used to ensure that big banks make a `true and fair' contribution to their insurance by taxpayers.
Covering a range of topics on bank and financial sector taxation, this book will prove a valuable resource for academics, policy makers and financial regulators.
Edited by Sajid M. Chaudhry and Andrew W. Mullineux,The Business School, University of Birmingham, UK
Contents: Foreword Michael Keen 1. Introduction Sajid M. Chaudhry and Andy Mullineux 2. Taxation and Bank Risk-Taking Yun Luo and Sailesh Tanna 3. Tax Distortions in Securitization: An Overview Shiwei Hu and Di Gong 4. The Burden of Bank Taxation: Corporate Income Gunther Capelle-Blancard and Olena Havrylchyk 5. Banks and Tax: Recent UK Experiences Ian Young 6. Securities Transaction Tax in Europe: First Impact Assessments Gunther Capelle-Blancard 7. Effects of VAT on Financial Services Arthur Kerrigan 8. Ethical Taxation and Finance Douglas Bamford 9. Ethics and Bank Taxation Tom Sorell and James Dempsey 10. The Concluding Panel Discussion Index