Tax Aspects of Financial Integration: Bank-Based vs. Market-Based Financial System

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F13%3A86088236" target="_blank" >RIV/61989100:27510/13:86088236 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Tax Aspects of Financial Integration: Bank-Based vs. Market-Based Financial System
Original language description
Both banking systems and stock markets enhance growth and overall economic development. Generally, at low levels of economic development commercial banks have a tendency to dominate the financial system, while at higher levels domestic stock markets tendto become more active and efficient relative to domestic banks. The aim of the paper is to detect common tax characteristics in 27 EU member countries, the United States and Japan in 2007 and 2012 and to find out whether the type of the financial systemof these countries can be influenced by these characteristics. We use the method of statistical description and comparison and the correlation method. According to our results, we conclude that there is not a relation between the type of the financial system (bank-based vs. market based) and tax levels favouring dividends relative to the interest income. Our conclusion is in accordance with Demirgüc-Kunt and Levine (2001) and La Porta et al. (2000).
Czech name
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Czech description
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Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Taxes in the World : 3rd International Scientific Conference : proceedings : [Ostravice, 12.-13.12.2013]
ISBN
978-80-248-3133-6
ISSN
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e-ISSN
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Number of pages
12
Pages from-to
83-94
Publisher name
VŠB-Technical University of Ostrava
Place of publication
Ostrava
Event location
Ostravice
Event date
Dec 12, 2013
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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