Taxing Financial Transactions : An Assessment of Administrative Feasibility / John Brondolo.

Format:

Book

Government document

Author/Creator:

Brondolo, John.

International Monetary Fund, author.

Contributor:

International Monetary Fund, author.

Series:

IMF Working Papers; Working Paper ; No. 2011/185

IMF Working Papers

Language:

English

Subjects (All):

Financial instruments--Taxation.

Financial instruments.

Capital market--Econometric models.

Capital market.

Physical Description:

1 online resource (110 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2011.

Language Note:

English

Summary:

This paper considers how a tax on financial transactions could be applied to three broad and partially overlapping categories of financial instruments: (1) exchange-traded instruments; (2) over-the-counter instruments; and, (3) foreign exchange instruments. For each category, the paper examines the factors that would facilitate or complicate the administration of a financial transactions tax, the options for collecting the tax, the types of compliance risks that are likely to be encountered, and measures for mitigating these risks.

Contents:

Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Exchange-Traded Instruments; A. Market Organization, Instruments, and Regulatory Environment; 1. Common Exchange-Traded Instruments; 1. The Operations of a Clearinghouse; B. Administrative Options and Their Feasibility; C. Compliance Risks and Risk Mitigation; 2. Sweden's Experience with an FTT during the 1980's; D. Summary Assessment; III. Over-The-Counter Instruments; A. Market Organization, Instruments, and Regulatory Environment; 2. Common Over-the-Counter Instruments; 3. Common Foreign Exchange Instruments

B. Administrative Options and Their Feasibility3. Assessment Methods for the Swiss Stamp Transfer Tax; C. Compliance Risks and Risk Mitigation; D. Summary Assessment; IV. Foreign Exchange Instruments; A. Market Organization, Instruments, and Regulatory Environment; B. Administrative Options and Their Feasibility; 4. Settlement Methods for Foreign Exchange Transactions; C. Compliance Risks and Risk Mitigation; D. Summary Assessment; V. Conclusions; 1. The UK Stamp Tax: Detailed Collection Procedures; 2. The CLS Bank; References; Footnotes

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed September 24, 2014).

ISBN:

9786613871220

9781463901967

1463901968

9781463900595

1463900597

9781283558778

1283558777

9781463900601

1463900600