About: Bank tax

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A bank tax, or a bank levy, is a tax on banks which was discussed in the context of the financial crisis of 2007–08. The bank tax is levied on the capital at risk of financial institutions, excluding federally insured deposits, with the aim of discouraging banks from taking unnecessary risks. The bank tax is levied on a limited number of sophisticated taxpayers and is not especially difficult to understand. It can be used as a counterbalance to the various ways in which banks are currently subsidized by the tax system, such as the ability to subtract bad loan reserves, delay tax on interest received abroad, and buy other banks and use their losses to offset future income. In other words, the bank tax is a small reimbursement of taxpayer funds used to bail out major banks after the 2008 fin

Attributes	Values
rdf:type	Thing organisation
rdfs:label	Bank tax (en) Podatek bankowy (pl)
rdfs:comment	Podatek bankowy – podatek nakładany na banki (najczęściej naliczany od zysków lub aktywów). Istnieją rozbieżne opinie na temat wpływu podatku na stabilność systemu bankowego. (pl) A bank tax, or a bank levy, is a tax on banks which was discussed in the context of the financial crisis of 2007–08. The bank tax is levied on the capital at risk of financial institutions, excluding federally insured deposits, with the aim of discouraging banks from taking unnecessary risks. The bank tax is levied on a limited number of sophisticated taxpayers and is not especially difficult to understand. It can be used as a counterbalance to the various ways in which banks are currently subsidized by the tax system, such as the ability to subtract bad loan reserves, delay tax on interest received abroad, and buy other banks and use their losses to offset future income. In other words, the bank tax is a small reimbursement of taxpayer funds used to bail out major banks after the 2008 fin (en)
differentFrom	Financial transaction tax
dcterms:subject	Banking Business taxes International taxation
Wikipage page ID	27836566 (xsd:integer)
Wikipage revision ID	1101621186 (xsd:integer)
Link from a Wikipage to another Wikipage	Prospect (magazine) Currency transaction tax G20 Consumer Consumption tax Transfer tax Spahn tax Speculation Banking 2009 G20 Pittsburgh summit 2010 G20 Toronto summit Financial Services Authority Financial crisis of 2007–08 Bank Business taxes Capital levy International taxation Adair Turner International Monetary Fund Tax Tobin tax Financial Crisis Responsibility Fee Financial institution Financial transaction Financial transaction tax Keynes Robin Hood tax Tulane Law Review List of G-20 summits Financial sector Financial transactions tax
sameAs	Bank tax Bank tax Bank tax Bank tax Bank tax
dbp:wikiPageUsesTemplate	dbt:About dbt:Distinguish dbt:Main dbt:Portal dbt:Reflist dbt:Short_description
has abstract	A bank tax, or a bank levy, is a tax on banks which was discussed in the context of the financial crisis of 2007–08. The bank tax is levied on the capital at risk of financial institutions, excluding federally insured deposits, with the aim of discouraging banks from taking unnecessary risks. The bank tax is levied on a limited number of sophisticated taxpayers and is not especially difficult to understand. It can be used as a counterbalance to the various ways in which banks are currently subsidized by the tax system, such as the ability to subtract bad loan reserves, delay tax on interest received abroad, and buy other banks and use their losses to offset future income. In other words, the bank tax is a small reimbursement of taxpayer funds used to bail out major banks after the 2008 financial crisis, and it is carefully structured to target only certain institutions that are considered "too big to fail." On 16 April 2010, the International Monetary Fund (IMF) put forward three possible options to deal with the crisis, which were presented in response to an earlier request of the G20 leaders, at the September 2009 G20 Pittsburgh summit, for an investigative report on options to deal with the crisis. The IMF opted in favour of the "financial stability contribution" (FSC) option, which many media have referred to as a "bank tax". Both before and after that IMF report, there was considerable debate among national leaders as to whether such a "bank tax" should be global or semi-global, or whether it should be applied only in certain nations. (en) Podatek bankowy – podatek nakładany na banki (najczęściej naliczany od zysków lub aktywów). Istnieją rozbieżne opinie na temat wpływu podatku na stabilność systemu bankowego. (pl)
gold:hypernym	Tax
prov:wasDerivedFrom	wikipedia-en:Bank_tax?oldid=1101621186&ns=0
page length (characters) of wiki page	21456 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Bank_tax
is Link from a Wikipage to another Wikipage of	Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry Currency transaction tax June 2010 United Kingdom budget 2010 G20 Toronto summit 36th G8 summit Czech Pirate Party Bank transaction tax Tax Tobin tax Reaction to the Tobin Tax Financial Crisis Responsibility Fee Financial transaction tax World taxation system List of taxes European Union financial transaction tax Financial activities tax Financial activity tax Financial stability contribution Bank levies Bank levy Global bank tax
is Wikipage redirect of	Financial activities tax Financial activity tax Financial stability contribution Bank levies Bank levy Global bank tax
is foaf:primaryTopic of	wikipedia-en:Bank_tax

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