Cover Taxing the Financial Sector
Taxing the Financial Sector
Concepts, Issues, and Practice
Download PDF (4.4 MB) Download Epub

Abstract

One of the most complex issues in tax policy today is the treatment of the institutions, products, and services that make up the financial sector. It can be harder to ascertain income, expenses, and profits for financial firms than for firms selling goods and services, and it is easier for individuals and firms to manipulate financial transactions so as to exploit tax loopholes. This volume explores the challenges faced by tax policymakers and identifies modern best practices in several areas: banks, insurance companies, securities companies, investment funds, pension funds, and derivatives.

Buy Book in Print
Author:
Mr. Howell H Zee
Search for other papers by Mr. Howell H Zee in
Current site
Google Scholar
PubMed Close
Series:
Books
Publisher:
International Monetary Fund
Language:
English
Publication Date:
16 Apr 2004
DOI:
https://doi.org/10.5089/9781589063167.071
ISBN:
9781589063167
Pages:
93
Keywords:
BOOK; VAT; bank; capital gain; taxation; tax treatment; securities transaction tax; credit-invoice VAT; value-added tax; tax relief; general tax principle; arbitrage opportunity; Personal income; Insurance; Value-added tax; Income tax systems; Africa; Australia and New Zealand; Europe
Legal-disclaimer:
The views expressed in this book are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. The boundaries, colors, denominations, and any other information shown on the maps do not imply, on the part of the IMF, any judgment on the legal status of any territory or any endorsement or acceptance of such boundaries.
  • Collapse
  • Expand