Bank Levies: An Innovation in Post-Crisis Bank Taxation
38 Pages Posted: 24 Nov 2015
Date Written: November 24, 2015
Bank levies have been implemented broadly in Europe in differing ways. This paper offers an analysis of the UK bank levy, compares it to the levies in France and Germany, and outlines the US position. It particularly highlights the marked instability which has characterised the UK levy and the general inadequacy of the scale of the levies.
Keywords: bank levies, bank taxation, financial crisis, bank resolution, single resolution mechanism, risk reduction, competitiveness
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