IDEAS home Printed from
MyIDEAS: Login to save this article

Bank Taxes in the European Union

  • Levente Kovács


    (Hungarian Banking Association)

Registered author(s):

    Bank taxes are a result of government measures aimed at managing the consequences of the global economic crisis. During the crisis, governments have recognised the serious impact of the crisis on the banking sector and the fiduciary risk ensuing from the special role banks play in the economy. A number of systemically important banks have been bailed out from public funds as a result. With the relative stabilisation of the financial system, measures aimed at recovering the public funds used for bailout and the creation of bank resolution funds with a view to managing potential future crises without using taxpayer money have come to the forefront. A politically popular method for this has been the imposition of various bank taxes. In the European Union, the imposition of a financial transaction tax has been discussed at several levels as a method enjoying general support. Without waiting for the bureaucratic processes of the EU, and without any impact studies in particular, 17 Member States have imposed bank taxes of some kind or another. The study primarily examines the potential impacts of introducing financial transaction taxes, cautioning decision-makers to exercise restraint in light of the expected economic consequences.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by State Audit Office of Hungary in its journal Public Finance Quarterly.

    Volume (Year): 57 (2012)
    Issue (Month): 3 ()
    Pages: 332-346

    in new window

    Handle: RePEc:pfq:journl:v:57:y:2012:i:3:p:332-346
    Contact details of provider: Web page:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:pfq:journl:v:57:y:2012:i:3:p:332-346. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Pál Péter Kolozsi)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.