EconPapers    
Economics at your fingertips  
 

The european proposal to amend Vat treatment on financial services

Salvatore Chiri, Fabrizio Borselli and Claudia Barsotti
Additional contact information
Salvatore Chiri: Banca d’Italia
Claudia Barsotti: Banca d’Italia

BANCARIA, 2009, vol. 7, 81-100

Abstract: The proposal of the Eu Commission to introduce an optional taxation for financial and insurance services is aimed at restoring the neutrality of Vat regarding the outsourcing choices of the intermediaries and at mitigating double taxation effects. Such a proposal would also allow to reduce applicative differences which affect the proper functioning of the internal market of financial services. The disadvantage of the Italian intermediaries with respect to the Eu countries which opted for taxation or introduced the Vat group and to the extra-Eu countries which do not apply Vat results in a loss of international competitiveness for all the national production system.

JEL-codes: G15 G28 H21 K34 (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.bancariaeditrice.it/prodotti/vedi/prodo ... /bancaria-n-7-8-2009 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ban:bancar:v:7:y:2009:m:july:p:81-100

Access Statistics for this article

BANCARIA is currently edited by Bancaria Editrice - the publisher of the Italian Banking Association

More articles in BANCARIA from Bancaria Editrice
Bibliographic data for series maintained by Francesco Emiliano Tani ().

 
Page updated 2020-06-23
Handle: RePEc:ban:bancar:v:7:y:2009:m:july:p:81-100