Taxation of financial intermediation : measurement principles and application to five African countries
AbstractThe purpose of this study is to set out a practical method for analyzing how inflation, interest ceilings, reserve requirements and like impositions have had tax-like effects and how they can be compared with explicit taxes. Using this method estimates of the varying magnitudes of the total taxation of financial intermediation in five African economies during recent years are computed. The paper explores the macroeconomic and fiscal dynamics which have contributed to the use of heavy taxation on the financial sector in certain countries and for certain periods. The likely impact of these taxes on efficiency is also examined.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 421.
Date of creation: 31 May 1990
Date of revision:
Economic Theory&Research; Banks&Banking Reform; Environmental Economics&Policies; Public Sector Economics&Finance; Insurance&Risk Mitigation;
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