Jump to ContentJump to Main Navigation
Financial and Fiscal PoliciesCrises and New Realities$
Users without a subscription are not able to see the full content.

Y. V. Reddy, Narayan Valluri, and Partha Ray

Print publication date: 2014

Print ISBN-13: 9780199452651

Published to Oxford Scholarship Online: November 2014

DOI: 10.1093/acprof:oso/9780199452651.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 23 October 2021

Taxation and Regulation of the Financial Sector

Taxation and Regulation of the Financial Sector

(p.295) Chapter 13 Taxation and Regulation of the Financial Sector
Financial and Fiscal Policies

Y.V. Reddy

Narayan Valluri

Partha Ray

Oxford University Press

The global financial crisis resulted in renewal of interest in taxation of financial sector. The main focus of such interest was to tax financial sector to defray the fiscal costs of bailout of finance sector in the past or likely to be incurred in future. There is a debate on the extent of under-taxation of financial sector and distortions caused in the financial sector by the tax system. In this context, there is renewed interest in Tobin tax. This interest was, perhaps, in the context of public outcry in advanced economies. To achieve regulatory objectives It is possible to envisage taxes that dissuade excess leverage. However, there are elements of current tax system which may contribute to excessive financialisation, including volatility in financial markets. The chapter, thus, argues for a need to consider regulation and taxation in an integrated manner for policy purposes.

Keywords:   taxation of the financial sector, Tobin tax, G-20, tax distortions in financial sector, regulation of the financial sector

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .