Coverart for item
The Resource Balancing the regulation and taxation of banking, Sajid M. Chaudhry, School of Management, Swansea University, UK; Andrew W. Mullineux, Business School, University of Birmingham, UK; Natasha Agarwal, Indian Institute of Foreign Trade, New Delhi, India

Balancing the regulation and taxation of banking, Sajid M. Chaudhry, School of Management, Swansea University, UK; Andrew W. Mullineux, Business School, University of Birmingham, UK; Natasha Agarwal, Indian Institute of Foreign Trade, New Delhi, India

Label
Balancing the regulation and taxation of banking
Title
Balancing the regulation and taxation of banking
Statement of responsibility
Sajid M. Chaudhry, School of Management, Swansea University, UK; Andrew W. Mullineux, Business School, University of Birmingham, UK; Natasha Agarwal, Indian Institute of Foreign Trade, New Delhi, India
Creator
Contributor
Author
Subject
Language
eng
Summary
This concise book gives a unique overview of bank taxation as an alternative or a compliment to prudential regulation or non-revenue taxation. Existing bank taxation is reviewed with a view to eliminating distortions in the tax system, which have incentivized banks to engage in risky activities in the past. The authors analyse the taxation of financial instruments trading, as well as the taxation of banking products and services to gauge whether this could finance resolution mechanisms and also help to ensure the stability of banks. In this respect, the authors put forward several arguments. Firstly, they contend that a financial transaction tax is economically inefficient, potentially costly for the economy, but if set at an appropriately low rate may be used to assure banks make a 'true and fair contribution' to their implicit insurance by taxpayers. Secondly, they show that a bank levy used to finance deposit guarantee and bank resolution mechanisms is potentially useful for financial stability, but that it poses the threat of double taxation, together with the proposed Basel III liquidity ratios. Thirdly, the authors argue in favour of the elimination of exemption from value added tax (VAT) for financial services in order to provide banks with a level playing field, whilst retaining exemption for basic payment services that are infrastructural. This is expected to improve efficiency by reducing the wasteful use of financial services. This book is an invaluable resource to students, academics and researchers in the fields of banking regulation and taxation. Policymakers and those with a wider interest in the issues will find it both topical and enlightening.--
Assigning source
Provided by Publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Chaudhry, Sajid M
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Mullineux, A. W
  • Agarwal, Natasha
http://library.link/vocab/subjectName
  • Banks and banking
  • Banks and banking
Label
Balancing the regulation and taxation of banking, Sajid M. Chaudhry, School of Management, Swansea University, UK; Andrew W. Mullineux, Business School, University of Birmingham, UK; Natasha Agarwal, Indian Institute of Foreign Trade, New Delhi, India
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 131-148) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17744775
Dimensions
22 cm.
Extent
vii, 153 pages
Isbn
9781785360268
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)933295394
Label
Balancing the regulation and taxation of banking, Sajid M. Chaudhry, School of Management, Swansea University, UK; Andrew W. Mullineux, Business School, University of Birmingham, UK; Natasha Agarwal, Indian Institute of Foreign Trade, New Delhi, India
Publication
Bibliography note
Includes bibliographical references (pages 131-148) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17744775
Dimensions
22 cm.
Extent
vii, 153 pages
Isbn
9781785360268
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)933295394

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