6 Securities Transactions
Author: Mr. John R King
Language:
English
Keywords:
BOOK; VAT; bank; capital gain; taxation; taxable transactions; market transaction; securities turnover tax; options market; taxed securities; Securities; Transaction tax

Abstract

Securities transactions taxes (STTs) are taxes imposed on the transfer of a financial instrument from one owner to another. These taxes are found in more than half of all countries in the Organization for Economic Cooperation and Development (OECD) and in many less developed countries as well. In the last two decades or so, however, there has been a clear trend away from the use of STTs: several OECD countries have abolished them or reduced their rates (as shown in Table 6.1).

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Cover Taxing the Financial Sector
Taxing the Financial Sector
Concepts, Issues, and Practice
Author: Mr. Howell H Zee
ISBN:
9781589063167
Publication Date:
16 Apr 2004
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589063167.071
Pages:
93