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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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).

Název v anglickém jazyce

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

Popis výsledku anglicky

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).

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2013

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

12

Strana od-do

83-94

Název nakladatele

VŠB-Technical University of Ostrava

Místo vydání

Ostrava

Místo konání akce

Ostravice

Datum konání akce

12. 12. 2013

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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