Bank tax
From The Art and Popular Culture Encyclopedia
| Revision as of 23:13, 25 June 2017 Jahsonic (Talk | contribs) ← Previous diff |
Current revision Jahsonic (Talk | contribs) |
||
| Line 1: | Line 1: | ||
| {{Template}} | {{Template}} | ||
| + | A '''bank tax''' ("bank levy") is a [[tax]] on [[bank]]s. One of the earliest modern uses of the term "bank tax" occurred in the context of the [[financial crisis of 2007–08]]. | ||
| - | A '''Tobin tax''', suggested by [[Nobel Memorial Prize in Economic Sciences]] Laureate economist [[James Tobin]], was originally defined as a [[tax]] on all [[Spot market|spot conversions]] of one [[currency]] into another. Tobin's original tax was intended to put a penalty on short-term financial round-trip excursions into another currency. By the late 1990s, however, the term '''Tobin tax''' was being incorrectly used to describe all forms of short term transaction taxation, whether across currencies or not – another term for these broader tax schemes is [[Robin Hood tax]] due to tax revenues from the (presumably richer) speculator funding general revenue (of whom the primary beneficiaries are poorer). More exact terms however apply to different scopes of tax. | + | On 16 April 2010, the [[International Monetary Fund]] (IMF) proposed the idea of a "financial stability contribution" (FSC), which many media have referred to as a "bank tax." It was proposed as one of three possible options to deal with the crisis. These options were presented in response to an earlier request of the [[G-20]] leaders, at the [[2009 G-20 Pittsburgh summit|September 2009 Pittsburgh summit]], for an investigative report on all possible options to deal with the crisis. |
| + | |||
| + | Both before and after that IMF report, there was considerable debate amongst national leaders as to whether such a "bank tax" should be global or semi-global, or whether it should be applied only in certain nations. | ||
| ==See also== | ==See also== | ||
| - | * [[Bank tax]] | + | *[[Financial Crisis Responsibility Fee]] |
| - | * [[Currency transaction tax]] | + | *[[Bank]] |
| - | * [[Financial transaction tax]] | + | *[[Capital levy]] |
| - | * [[Foreign exchange market]] | + | *[[Currency transaction tax]] |
| - | * [[Robin Hood tax]] | + | *[[Financial transaction tax]] |
| - | * [[Spahn tax]] | + | *[[List of G-20 summits]] |
| + | *[[Robin Hood tax]] | ||
| + | *[[Spahn tax]] | ||
| + | *[[Tax]] | ||
| + | *[[Tobin tax]] | ||
| + | *[[Transfer tax]] | ||
| {{GFDL}} | {{GFDL}} | ||
Current revision
|
Related e |
|
Featured: |
A bank tax ("bank levy") is a tax on banks. One of the earliest modern uses of the term "bank tax" occurred in the context of the financial crisis of 2007–08.
On 16 April 2010, the International Monetary Fund (IMF) proposed the idea of a "financial stability contribution" (FSC), which many media have referred to as a "bank tax." It was proposed as one of three possible options to deal with the crisis. These options were presented in response to an earlier request of the G-20 leaders, at the September 2009 Pittsburgh summit, for an investigative report on all possible options to deal with the crisis.
Both before and after that IMF report, there was considerable debate amongst national leaders as to whether such a "bank tax" should be global or semi-global, or whether it should be applied only in certain nations.
See also
- Financial Crisis Responsibility Fee
- Bank
- Capital levy
- Currency transaction tax
- Financial transaction tax
- List of G-20 summits
- Robin Hood tax
- Spahn tax
- Tax
- Tobin tax
- Transfer tax
