Financial activity tax

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The Financial Activities Tax ( english Financial Activities Tax, FAT ) is a tax , the profits of financial firms to access and variable salaries of executives from the financial sector.

backgrounds

In contrast to the financial transaction tax , in which every purchase and sale (i.e. every turnover) of a financial product is taxed, the financial activity tax relates to profits that result from financial transactions. The aim of this tax should be the special taxation of exceptionally high profits and bonuses in order to curb excesses in this area. However, since these are already taxed (e.g. through wage tax and trade tax ), such a tax would lead to double taxation.

history

The financial activity tax was brought into play by economists at the International Monetary Fund (IMF) in April 2011. In the discussion about the possible consequences and financing options of the financial crisis from 2007 onwards , it came into the limelight again in 2011/2012.

See also

Individual evidence

  1. ↑ Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions: Taxation of the Financial Sector (COM (2010) 549)
  2. ^ Opinion of the European Economic and Social Committee on the "Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions: Taxation of the Financial Sector" COM (2010) 549 final.