IDEAS home Printed from https://ideas.repec.org/a/ntj/journl/v55y2002i2p281-291.html
   My bibliography  Save this article

Should Financial Services Be Taxed Under a Consumption Tax? Probably

Author

Listed:
  • Rousslang, Donald J.

Abstract

Previous authors have concluded that a broad-based consumption tax would be more efficient if financial services to consumers, such as services for investment, loans and insurance, were exempted from the tax, even if taxing the financial services posed no special administrative burden. I argue, however, that this conclusion rests on some key assumptions and that alternative, equally plausible assumptions support the conclusion that, absent any special administrative burden, the tax rate on financial services to consumers should be at least as high as the tax rate on consumer goods.

Suggested Citation

  • Rousslang, Donald J., 2002. "Should Financial Services Be Taxed Under a Consumption Tax? Probably," National Tax Journal, National Tax Association;National Tax Journal, vol. 55(2), pages 281-291, June.
    • Handle: RePEc:ntj:journl:v:55:y:2002:i:2:p:281-291
    DOI: 10.17310/ntj.2002.2.05
    as

    Download full text from publisher

    File URL: https://doi.org/10.17310/ntj.2002.2.05
    Download Restriction: Access is restricted to subscribers and members of the National Tax Association.
    File URL: https://doi.org/10.17310/ntj.2002.2.05
    Download Restriction: Access is restricted to subscribers and members of the National Tax Association.
    File URL: https://libkey.io/10.17310/ntj.2002.2.05?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Jack, William, 2000. "The Treatment of Financial Services Under a Broad-Based Consumption Tax," National Tax Journal, National Tax Association;National Tax Journal, vol. 53(4), pages 841-852, December.
    2. Jack, William, 2000. "The Treatment of Financial Services under a Broad-Based Consumption Tax," National Tax Journal, National Tax Association, vol. 53(n. 4), pages 841-52, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Arkadiusz Bernal, 2012. "Zasadność zwolnienia usług pośrednictwa finansowego z podatku od wartości dodanej," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1-2, pages 117-133.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Guillermo Peña, 2019. "Efficient treatment of banking services under VAT," Economics and Business Letters, Oviedo University Press, vol. 8(2), pages 115-121.
    2. Vidar Christiansen, 2017. "Taxation of Insurance," CESifo Working Paper Series 6830, CESifo.
    3. Correa, Juan & Lorca, Miguel & Parro, Francisco, 2015. "Measuring the Impact of Financial Taxation on Capital," MPRA Paper 64378, University Library of Munich, Germany.
    4. Rafael Aigner & Felix Bierbrauer, 2015. "Boring Banks and Taxes," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2015_07, Max Planck Institute for Research on Collective Goods.
    5. Arkadiusz Bernal, 2012. "Zasadność zwolnienia usług pośrednictwa finansowego z podatku od wartości dodanej," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1-2, pages 117-133.
    6. Fatih Yilmaz, "undated". "VAT Treatment of Financial Institutions: Implications for the Real Economy," Working Papers 2013-30, Department of Economics, University of Calgary, revised 02 Nov 2013.
    7. Ben Lockwood & Erez Yerushalmi, 2019. "How should payment services be taxed?," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 53(1), pages 21-47, June.
    8. Presiana Nenkova & Angel Angelov, 2019. "Assessing the Effects of Imposing VAT on the Services Provided by the Banking Sector – The Case of Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 124-143.
    9. Rousslang, Donald J., 2002. "Should Financial Services be Taxed Under a Consumption Tax? Probably," National Tax Journal, National Tax Association, vol. 55(N. 2), pages 281-291, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ntj:journl:v:55:y:2002:i:2:p:281-291. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: The University of Chicago Press (email available below). General contact details of provider: https://www.ntanet.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.