Special taxes in banking

• Authors: Piotr Masiukiewicz , Pawel Dec
• Languages of publication: EN

Abstracts

EN

This article applies to the proposed introduction of a special bank tax, which is currently under discussion in both Europe and the USA. The paper observes the possible models of such a bank tax. It describes several types of bank tax, which has already been introduced in some countries; discusses whether this is actually an anti-crisis instrument, and characterized the key works that take place over such a tax in the European Union.

Keywords

EN

bank tax; financial crisis; models of bank tax; bank assets; anti-crisis instrument

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Prague Development Center, Czech Republic
• Journal: Perspectives of Innovations, Economics and Business
• Year: 2012
• Volume: 11
• Issue: 2
• Pages: 61-68

Dates

published

2012-05-10

Contributors

author

Piotr Masiukiewicz

• Warsaw School of Economics, Poland

author

Pawel Dec

• Prague Development Center, Czech Republic

References

• Dec, P., Masiukiewicz, P., 2011. “Banking tax in European Union,” Annals of “Dunarea de Jos” University of Galati, Fascicle I. Economics and Applied Informatics, No.2, pp.91-96
• European Commission, 2011. Commission seeks views on possible EU framework to deal with future bank failures, http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/10, Retrieved on June 22, 2012
• European Commission, 2011b. COUNCIL DIRECTIVE on a common system of financial transaction tax and amending Directive 2008/7/EC
• European Parliament, 2011. Semeta: financial transaction tax for more revenue and changed trading practices, www.europarl.europa.eu, 6 October 2011.
• European Union, 2010/2012. “Polluter pays principle for banks,” http://ec.europa.eu/news/ economy/100526_en.htm, Retrieved on June 22, 2012
• Jasiński L. J., 2008. Nobel z ekonomii, Wydawnictwo Key Text, Warszawa, pp. 90-92
• Kasiewicz S., Kurliński L., 2012. ‘‘Szok Regulacyjny a konkurencyjność i rozwój sektora bankowego”, Warszawski Instytut Bankowy, Warszawa, pp. 128-129.
• KPMG, 2011. Proposed bank levies-comparison of certain jurisdictions, KPMG, November, pp.2-6
• Ministry of Finance, 2012. Projekt ustawy o zmianie ustawy o Bankowym Funduszu Gwarancyjnym i innych ustaw, March 6
• NBP, 2010. Wybrane aspekty dodatkowego opodatkowania banków w kontekście debaty na forum europejskim [Selected aspects of additional bank taxation in the context of the debate on the European forum], in Polish, Narodowy Bank Polski, Warsaw
• Palley, T., 2003. “The economic case for the Tobin tax,”In: Weaver, J., Dodd, R., amd Baker, J. (Eds.), Debating Tobin tax: New rules for Global Finance, Washington D.C. New Rules for Global Finance Coalition, pp.5-27
• Tobin, J., 1978. “A proposal for international monetary reform,” Eastern Economic Journal, Vol.4, No.3-4, pp.153-59

Identifiers

DOI

http://dx.doi.org/10.15208/pieb.2012.06