Financial Sector Levies and Taxes: Critical Choices for China Domestically and in the G20

CHINA AND GLOBAL ECONOMIC GOVERNANCE: IDEAS AND CONCEPTS, Chapter 3, Junji Nakagawa, ed., Forthcoming

UNSW Law Research Paper No. 2011-51

23 Pages Posted: 15 Dec 2011 Last revised: 27 Mar 2014

See all articles by Ross P. Buckley

Ross P. Buckley

University of New South Wales (UNSW) - Faculty of Law

Date Written: November 3, 2011

Abstract

The Global Financial Crisis (GFC) sparked vigorous debate on the role of financial institutions and capital markets, and the extent to which such institutions and markets should contribute to the broader economy. Much of this debate has centred on what might be the appropriate mechanisms to enable governments to recoup taxpayer monies used to bail out failing institutions and to restimulate their economies in the aftermath of the crisis. Proposals that have been considered at an international level over the last couple of years have included financial institution levies (such as a financial stability contribution), a financial activities tax (FAT) and a financial transaction tax (FTT). This research project will therefore explore what positions China might most usefully adopt with respect to the global push, and provide an initial outline on global capital market trading and explain the general principles and concerns that underpin the need for an FTT.

Suggested Citation

Buckley, Ross P., Financial Sector Levies and Taxes: Critical Choices for China Domestically and in the G20 (November 3, 2011). CHINA AND GLOBAL ECONOMIC GOVERNANCE: IDEAS AND CONCEPTS, Chapter 3, Junji Nakagawa, ed., Forthcoming; UNSW Law Research Paper No. 2011-51. Available at SSRN: https://ssrn.com/abstract=1972724

Ross P. Buckley (Contact Author)

University of New South Wales (UNSW) - Faculty of Law ( email )

Sydney, New South Wales 2052
Australia

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