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

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.bank debit tax; tax reform; taxation; bank transactions tax;

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

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

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

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

O "corporate finance" das empresas norte-americanas no período recente

In this article we will explore the corporate finance of the american firms and the interfaces with the financial system. The capital markets in the 80's and 90's became very significative in terms of the ammount and extension, determining important impacts under the form of creation and admnistration of wealth, with a deepening of the capital market-based financial system paradigm. In the new system of highly sophisticated actions and speculations the capital markets adopted the role of main temple of finance, where the market oriented financial system is led to paroxysm. However, most of these actions occurr among the financial agents themselves. As to the relationships with the firms we will try to Show that the corporations financing pattern, through the so called "external capital market", shows very particular features. Capitals have extreme mobility and fluidity. The resources from the stokholders transfer from one firm to another based on expectations of short run appreciation of their stocks. The firms with stocks traded on the stock market depend on a "transitory" property structure, directed by the institutional investors that act as agents for the individuals investors.In this article we will explore the corporate finance of the american firms and the interfaces with the financial system. The capital markets in the 80's and 90's became very significative in terms of the ammount and extension, determining important impacts under the form of creation and admnistration of wealth, with a deepening of the capital market-based financial system paradigm. In the new system of highly sophisticated actions and speculations the capital markets adopted the role of main temple of finance, where the market oriented financial system is led to paroxysm. However, most of these actions occurr among the financial agents themselves. As to the relationships with the firms we will try to Show that the corporations financing pattern, through the so called "external capital market", shows very particular features. Capitals have extreme mobility and fluidity. The resources from the stokholders transfer from one firm to another based on expectations of short run appreciation of their stocks. The firms with stocks traded on the stock market depend on a "transitory" property structure, directed by the institutional investors that act as agents for the individuals investors

A DINÂMICA FINANCEIRA INTERNACIONAL E A TENDÊNCIA À DOLARIZAÇÂO DAS ECONOMIAS LATINO-AMERICANAS

Após delinear a dinâmica do novo regime monetário-fínanceiro americano, sua expansão pelo resto do mundo e as principais propostas de reorganização da ordem financeira internacional, procuramos mostrar o aprofundamento da internacionalização dos sistemas financeiros e a dolarização crescente dos países latino-americanos. Em seguida, tentamos argumentar que esses processos de integração financeira estão reduzindo a capacidade dos bancos centrais latino-americanos implementarem políticas monetárias e cambiais autônomas e, portanto, de executarem políticas de desenvolvimento.The author first outlines the dynamics of the new US financial and monetary regime, its expansion to the rest of the world and major proposals for the rearrangement of the international financial order. Secondly he shows the deepening of globalization of financial systems and increasing dollarization at Latin American economies. The author argues that these financial integration processes have been reducing the ability by Latin American central banks to implement monetary and exchange policies and therefore to carry out development policies