Title: Financial Activities Taxes and Banks' Systemic Risk
Authors: CANNAS GIUSEPPINACARIBONI JessicaMARCHESI MassimoNICODÈME GaëtanPETRACCO GIUDICI MarcoZEDDA STEFANO
Citation: Taxation and Regulation of the Financial Sector p. 204-226
Publisher: MIT Press
Publication Year: 2013
JRC N°: JRC75347
ISBN: 9780262027977
URI: http://mitpress.mit.edu/books/taxation-and-regulation-financial-sector
http://publications.jrc.ec.europa.eu/repository/handle/JRC75347
Type: Articles in periodicals and books
Abstract: The recent financial crisis has highlighted the risks posed by individual banks to the entire banking system. Next to the issue of determining individual contributions to systemic risk, the question of additional taxes on the financial sector has been debated. This paper uses SYMBOL, a micro-simulation model of the banking system, to estimate these individual contributions and compares them to the potential individual tax liabilities of banks under the assumption of a Financial Activity Tax.
JRC Directorate:Space, Security and Migration

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