The Treatment of Financial Services Under a Broad-Based Consumption Tax
AbstractThis paper examines the appropriate taxation of financial services under a broad-based consumption tax. It is assumed that the underlying objective of the consumption tax is to maintain undistorted prices between current and future consumption (i.e. to impose no distortion on savings decisions) and, in a model with uncertainty, between consumption in different states of the world.
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Bibliographic InfoPaper provided by Centre for Economic Policy Research, Research School of Economics, Australian National University in its series CEPR Discussion Papers with number 394.
Length: 14 pages
Date of creation: 1998
Date of revision:
FINANCIAL MARKET ; TAXATION ; FISCAL POLICY;
Find related papers by JEL classification:
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
- H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
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- Ben Lockwood, 2013. "How should financial intermediation services be taxed?," Working Papers 1309, Oxford University Centre for Business Taxation.
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