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Business and Economics > Insurance

You are looking at 1 - 3 of 3 items for :

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Cover IMF Working Papers
Guarding Against Fiscal Risks in Hong Kong SAR
International Monetary Fund
Hong Kong SAR's government faces the dual challenges of volatile revenue and medium term spending pressures arising from a rapidly aging population. Age-related spending pressures raise long-run sustainability concerns, while revenue volatility creates risks to service provision, possibly entailing sudden tax changes, or even requiring new borrowing. After describing the risks associated with aging, the paper uses value at risk techniques to measure the value of the unanticipated risks posed by volatile revenue. The paper also describes the self-insurance value of Hong Kong SAR's traditionally high fiscal savings (reserves), and the impact alternate policy choices could have on revenue volatility.
Keywords:
WP; revenue; revenue volatility; GDP; spending
Cover IMF Staff Country Reports
People’s Republic of China—Hong Kong Special Administrative Region: Selected Issues
International Monetary Fund
This Selected Issues paper reviews medium-term fiscal challenges for Hong Kong Special Administrative Region (Hong Kong SAR). It focuses on key considerations that need to be evaluated when formulating a medium-term reserves policy in the face of fiscal challenges, such as accommodating future spending pressures and revenue fluctuations. The broad conclusion of the paper is that fiscal reserves will likely remain an important feature of future fiscal policy. The paper also discusses more general aspects of Hong Kong SAR’s economy’s competitiveness, and the outlook for Hong Kong SAR’s financial center.
Keywords:
ISCR; CR; revenue; revenue volatility; Hong Kong SAR; market; price competitiveness; Mainland bank; SAR resident; business cost; renminbi deposit; Competition; Insurance; Fiscal risks; Financial integration; Global; Asia and Pacific
Cover Taxing the Financial Sector
Taxing the Financial Sector
Concepts, Issues, and Practice
Mr. Howell H Zee

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.

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