Franklin

Bank Debit Taxes in Latin America [electronic resource] : An Analysis of Recent Trends, Coelho, Isaias.

Author/Creator:
Coelho, Isaias.
Publication:
Washington, D.C. : International Monetary Fund, 2001.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 01/67.
IMF Working Papers; Working Paper No. 01/67
Format/Description:
Government document
Book
1 online resource (33 p.)
Local subjects:
Accounting systems.
Bond.
Bonds.
Cash payments.
Checking accounts.
Checks.
Clients.
Credit.
Credit cards.
Credit unions.
Current account.
Current accounts.
Deposit money.
Deposit money banks.
Deposit rate.
Derivative.
Derivative financial instruments.
Equity markets.
Financial assets.
Financial economics.
Financial institutions.
Financial instruments.
Financial intermediation.
Financial market.
Financial markets.
Financial sector.
Financial services.
Financial system.
Foreign equity.
Futures contracts.
Futures exchange.
Futures markets.
Government bonds.
Interest rate futures.
International capital.
International capital markets.
Liquid asset.
Money market.
Money market funds.
Money market operations.
New york stock exchange.
Other.
Payment system.
Payments.
Pension funds.
Prices.
Purchases.
Registration.
Shares.
Stock exchange.
Stock exchanges.
Stock holders.
Stock market.
Stock market transactions.
Stock shares.
Third parties.
Argentina.
Brazil.
Colombia.
Ecuador.
Peru.
Venezuela, República Bolivariana de.
Summary:
Six Latin American countries have levied taxes on withdrawals from bank accounts, which have been viewed as a convenient tax handle during a difficult fiscal period. The paper reviews the arguments for and against this type of taxation, describes the taxes, and surveys their revenue performance and economic impact. It concludes that the recently implemented taxes have been successful in raising revenue in the short term, but that adverse allocational impacts have likely been significant. The tax may work better in times of fiscal crisis, when financial intermediation is deep, and when the tax rate is modest.
Notes:
Description based on print version record.
Contributor:
Coelho, Isaias.
Ebrill, Liam P.
Summers, Victoria P.
Other format:
Print Version:
ISBN:
1451848900:
9781451848908
ISSN:
1018-5941
Publisher Number:
10.5089/9781451848908.001
Access Restriction:
Restricted for use by site license.
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