publication . Preprint . 2003

Taxing Financial Activity

Jack M. Mintz;
Open Access
  • Published: 01 Dec 2003
Abstract
In most countries, substantial business activity is related to financial intermediation: banking, trusts, investment companies and insurance. Financial businesses play a crucial role in the economy by matching lenders with borrowers as well as facilitating governance of businesses through close monitoring of funds lent to businesses. Financial institutions also reduce risk faced by investors by pooling investments over many different types of business activities and insuring against property, casualty and death risks. A significant part of the financial sector is regulated but an impressive array of financial activities is undertaken by unregulated and informal ...
Subjects
free text keywords: Financial institutions, taxation, financial intermediation, jel:G18, jel:H25
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