De La Feria, R and Ness, R (2016) The EU Financial Transactions Tax as An Unsuitable and Unnecessary Proxy Tax. Canadian Tax Journal, 64 (2). pp. 373-387. ISSN 0008-5111
Abstract
In 2011, the European Commission presented its proposal for an EU financial transaction tax (FTT). This article analyzes the recent developments as regards the approval of that EU FTT, and the main concerns that the proposed tax gives rise to, considering in particular its characteristics as a proxy tax. The authors conclude that insofar as the EU FTT is a proxy tax, it is both unsuitable and unnecessary, and that extension of the EU value-added tax to financial services would serve as a better and more realistic instrument to attain most of the stated aims of the FTT.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Keywords: | Financial services; Value-Added Tax; European Union |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Education, Social Sciences and Law (Leeds) > School of Law (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 21 Jul 2016 13:12 |
Last Modified: | 03 Nov 2016 05:57 |
Published Version: | http://www.ctf.ca/CTFWEB/EN/Publications/CTJ_Conte... |
Status: | Published |
Publisher: | Canadian Tax Foundation |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:101747 |