Bank transactions: pathway to the single tax ideal A modern tax technology;the Brazilian experience with a bank transactions tax (1993-2007)

Marcos Cintra ()

MPRA Paper from University Library of Munich, Germany

Abstract: Globalization is eroding the efficiency of conventional taxes, such as VAT´s (value added taxes). Meanwhile, a new form of taxation, levied on bank transactions, was successfully used in Brazil (1993-2007). Based on digital technology, this tax innovation proved to be evasion-proof, more efficient and less costly than orthodox tax models. Furthermore, the significant revenue-raising capacity of bank transactions taxation revived the centuries old ideal of the Single Tax. This book carries out a qualitative and quantitative in-depth comparison of the efficiency, equity and compliance costs of a bank transactions tax relative to orthodox tax systems, and opens new perspectives for the use of modern banking technology in tax reform across the world.

Keywords: bank debit tax; tax reform; taxation; bank transactions tax (search for similar items in EconPapers)
JEL-codes: H21 H22 H26 (search for similar items in EconPapers)
Date: 2009-07
New Economics Papers: this item is included in nep-acc and nep-pbe
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