The 2008 Financial Crisis and Taxation Policy
Copyright policy )The 2008 Financial Crisis and Taxation Policy
The 2008 financial crisis is the worst economic crisis since the Great Depression of 1929. It has been characterised by a housing bubble in a context of rapid credit expansion, high risk-taking and exacerbated financial leverage, leading to deleveraging and credit crunch when the bubble burst. This paper discusses the interactions between tax policy and the financial crisis. In particular, it reviews the existing evidence on the links between taxes and many characteristics of the crisis. Finally, it examines some possible future tax options to prevent such crises.
- European Commission Belgium
- Brussels Management School Belgium
- Université Libre de Bruxelles Belgium
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fiscal stimulus, Taxation, Subsidies, and Revenue: General, Kapitalverkehrsteuer, H30, G10, Antizyklische Finanzpolitik, property tax, Vermögensteuer, F30, International Investment; Long-term Capital Movements, property tax., ddc:330, and Revenue: General, Fiscal Policy, Economie, E62, General Financial Markets: General (includes Measurement and Data), Finanzmarktkrise, Steuerpolitik, Welt, financial transaction tax, International Finance: General, International Investment, Long-term Capital Movements, H50, National Government Expenditures and Related Policies: General, Deficit, tax policy, Subsidies, and Debt: General, financial crisis, Financial crisis; financial transaction tax; property tax; stimulus; taxation, Fiscal Policies and Behavior of Economic Agents: General, financial crisis, tax policy, taxation, fiscal stimulus, financial transaction tax, property tax, Taxation, National Budget, National Budget, Deficit, and Debt: General, Taxation, financial crisis, banking crisis, fiscal incentives, F21, H20, taxation, financial crisis; tax policy; taxation; fiscal stimulus; financial transaction tax; property tax., H60, jel: jel:E62, jel: jel:H30, jel: jel:F30, jel: jel:G10, jel: jel:F21, jel: jel:H60, jel: jel:H20, jel: jel:H50
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