Financial Transaction Tax and Multilateral development bank: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Expand.)
 
imported>Doug Williamson
(Update abbreviation AfDB.)
 
Line 1: Line 1:
(FTT).
(MDB).


A tax to be levied on certain financial transactions.  
Development banks are national or regional banks established to provide loans or equity capital for productive investment, often accompanied by technical assistance, in developing countries.


In 2011, the European Commission proposed a harmonised Financial Transaction Tax for the entire European Union. The objectives of the proposed FTT were to:
A multilateral development bank is a supranational one, set up by more than one country.
* prevent the fragmentation of the Single Market that could result from numerous uncoordinated national approaches to taxing financial transactions
* ensure that the financial sector made a fair and substantial contribution to public finances
* discourage financial transactions which do not contribute to the efficiency of financial markets or of the real economy.


The initiative was also designed to be a first tangible step for taxing such transactions on a global basis.


== See also ==
* [[African Development Bank]]  (AfDB)
* [[Asian Development Bank]]  (ADB)
* [[Central bank]]
* [[Development bank]] 
* [[Development finance institution]]  (DFI)
* [[European Bank for Reconstruction and Development]]  (EBRD)
* [[European Investment Bank]]  (EIB)
* [[Inter-American Development Bank]]  (IDB)
* [[International Finance Corporation]]  (IFC)
* [[Islamic Development Bank]]  (ISDB)
* [[Organisation for Economic Co-operation and Development]]
* [[Supranational]]


FTTs are designed to be levied at the financial institution level.
[[Category:The_business_context]]
 
[[Category:Corporate_finance]]
It is possible that a treasury centre that conducts financial transactions could be regarded as a 'financial institution' for FTT purposes. Hence, depending on the transaction, a liability to FTT might arise.
[[Category:Investment]]
 
[[Category:Long_term_funding]]
 
[[Category:Financial_products_and_markets]]
The proposed FTT is sometimes written as Financial Transactions Tax.
[[Category:Trade_finance]]
 
 
== See also ==
*[[Robin Hood tax]]
*[[Tobin tax]]
*[[Germany]]
*[[Hypothecation]]

Revision as of 02:37, 15 December 2021

(MDB).

Development banks are national or regional banks established to provide loans or equity capital for productive investment, often accompanied by technical assistance, in developing countries.

A multilateral development bank is a supranational one, set up by more than one country.


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Financial_Transaction_Tax&oldid=33245’