Bank Taxes in Europe by Elke Asen published by Tax Foundation (3/2021).
“The 2007-2008 financial crisis triggered a global debate on whether, and if so how, taxation can be used as an instrument to stabilize the financial sector and to generate revenue to partially cover the costs associated with the recent and potential future crises.
Three approaches were mainly discussed, namely
- financial stability contributions (levied on financial institutions’ liabilities and/or assets)
- financial activities taxes (levied either on financial institutions’ profits or remunerations)
- financial transaction taxes (levied on trade in financial instruments such as stocks, bonds, derivatives, and currencies)…”
