WYDAJNOŚĆ FISKALNA PODATKU OD TRANSAKCJI FINANSOWYCH
The last financial crisis, the role of financial institution in this process and the big scale of public aid to the financial institutions have contributed to the intensification in work on the financial transaction tax in the European Union. The plan to involve the financial sector in bearing crisi...
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| Format: | Article |
| Language: | English |
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Lodz University Press
2014-02-01
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| Series: | Acta Universitatis Lodziensis. Folia Oeconomica |
| Subjects: | |
| Online Access: | https://czasopisma.uni.lodz.pl/foe/article/view/87 |
| _version_ | 1818296336808673280 |
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| author | Małgorzata Twarowska |
| author_facet | Małgorzata Twarowska |
| author_sort | Małgorzata Twarowska |
| collection | DOAJ |
| description | The last financial crisis, the role of financial institution in this process and the big scale of public aid to the financial institutions have contributed to the intensification in work on the financial transaction tax in the European Union. The plan to involve the financial sector in bearing crisis costs and to prevent such crises in future deserves to be supported.
The aim of this paper is to assess the fiscal function of the financial transaction tax. The analysis indicates that the financial transaction tax fulfils its fiscal purpose but fails to achieve its steering function, namely to deter financial institutions from enacting risky business transactions and thus to prevent future crises and will not necessarily increase stability in the financial markets. Financial transaction tax increases the capital costs for companies from participating Member States. |
| first_indexed | 2024-12-13T04:01:56Z |
| format | Article |
| id | doaj.art-ba0d8580844a46adb12f86058319254a |
| institution | Directory Open Access Journal |
| issn | 0208-6018 2353-7663 |
| language | English |
| last_indexed | 2024-12-13T04:01:56Z |
| publishDate | 2014-02-01 |
| publisher | Lodz University Press |
| record_format | Article |
| series | Acta Universitatis Lodziensis. Folia Oeconomica |
| spelling | doaj.art-ba0d8580844a46adb12f86058319254a2022-12-22T00:00:25ZengLodz University PressActa Universitatis Lodziensis. Folia Oeconomica0208-60182353-76632014-02-01129923WYDAJNOŚĆ FISKALNA PODATKU OD TRANSAKCJI FINANSOWYCHMałgorzata TwarowskaThe last financial crisis, the role of financial institution in this process and the big scale of public aid to the financial institutions have contributed to the intensification in work on the financial transaction tax in the European Union. The plan to involve the financial sector in bearing crisis costs and to prevent such crises in future deserves to be supported. The aim of this paper is to assess the fiscal function of the financial transaction tax. The analysis indicates that the financial transaction tax fulfils its fiscal purpose but fails to achieve its steering function, namely to deter financial institutions from enacting risky business transactions and thus to prevent future crises and will not necessarily increase stability in the financial markets. Financial transaction tax increases the capital costs for companies from participating Member States.https://czasopisma.uni.lodz.pl/foe/article/view/87financial transaction tax, financial crisis, fiscal efficiency |
| spellingShingle | Małgorzata Twarowska WYDAJNOŚĆ FISKALNA PODATKU OD TRANSAKCJI FINANSOWYCH Acta Universitatis Lodziensis. Folia Oeconomica financial transaction tax, financial crisis, fiscal efficiency |
| title | WYDAJNOŚĆ FISKALNA PODATKU OD TRANSAKCJI FINANSOWYCH |
| title_full | WYDAJNOŚĆ FISKALNA PODATKU OD TRANSAKCJI FINANSOWYCH |
| title_fullStr | WYDAJNOŚĆ FISKALNA PODATKU OD TRANSAKCJI FINANSOWYCH |
| title_full_unstemmed | WYDAJNOŚĆ FISKALNA PODATKU OD TRANSAKCJI FINANSOWYCH |
| title_short | WYDAJNOŚĆ FISKALNA PODATKU OD TRANSAKCJI FINANSOWYCH |
| title_sort | wydajnosc fiskalna podatku od transakcji finansowych |
| topic | financial transaction tax, financial crisis, fiscal efficiency |
| url | https://czasopisma.uni.lodz.pl/foe/article/view/87 |
| work_keys_str_mv | AT małgorzatatwarowska wydajnoscfiskalnapodatkuodtransakcjifinansowych |