Taxation in Financial Sector
|Author:||Bc. Jan Hloušek|
|Year:||2016 - summer|
|Leaders:|| doc. Petr Janský Ph.D.
|Work type:|| Bachelors
|Awards and prizes:|
|Abstract:||The purpose of this thesis is to review taxation in financial sector, discuss its
objectives and compare its past and most recent implementations. Financial
Activities Taxes, Financial Transaction Taxes, and Financial Stability Contribution
are compared from theoretical point of view. Trends in profitability, volumes of
derivatives, and equity ratios are presented for two groups in both Italy and
France - banks that are subject to new Financial Transaction Taxes and those
that are not. Using panel data on financial institutions, positive impact of FTT
introduction on derivative volumes is found in France, and no significant effect is
found in Italy.