scholarly journals What Marxist Tax Policies Actually Look Like

2019 ◽  
Vol 27 (2) ◽  
pp. 188-221 ◽  
Author(s):  
David Ireland
Keyword(s):  
Strong Preference ◽  
Tax Policies ◽  
Land Value ◽  
Indirect Taxation ◽  
Inheritance Tax ◽  
The World ◽  
Land Value Tax ◽  
Wealth Inequalities ◽  
Financial Transactions

Abstract ‘Marx on tax’ as an effective antidote to inequality is an overlooked theme within his own output, but also for our own time. Marx theorising on tax is seen even by pre-eminent Marxists as an empty box, but Marx and Engels in fact had plenty to say about tax. Their coverage embraces progressive taxes, both on capital and income, a strong preference for direct over indirect taxation, inheritance tax, land-value tax, taxes on financial transactions, and state finances around the world. Tax also provides the battleground for a rare sight of Marx as campaigning activist, in 1848, matched in the same period by close ally Wilhelm Wolff. The tax policies of Marx and Engels have been neglected because they are primarily to be found in their journalism and letters. They are no anachronistic curiosity but perfectly applicable to the income and wealth inequalities of our own era.

Implications of a Land Value Tax with Error in Assessed Values

2009 ◽  
Vol 85 (4) ◽  
pp. 576-586 ◽  
Author(s):  
J. I. Chapman ◽  
R. J. Johnston ◽  
T. J. Tyrrell
Keyword(s):  
Land Value ◽  
Land Value Tax

Evaluation of Blockchain in Capital Market Use-Cases

2018 ◽  
Vol 10 (1) ◽  
pp. 54-76
Author(s):  
Sinsu Anna Mathew ◽  
Abdul Quadir Md
Keyword(s):  
Capital Markets ◽  
Capital Market ◽  
Use Cases ◽  
Third Party ◽  
Global Capital ◽  
Distributed Ledger ◽  
The World ◽  
High Integrity ◽  
Middle Man ◽  
Financial Transactions

This article describes the “Blockchain” which is an upcoming technology in the current leading world and which serves as a capital market use-cases for many of the global Fintech industries across the world, is a distributed ledger of economic transactions which not only used for recording financial transactions but mostly everything of value in this world. In the current world, mostly all the transactions are done through online which mainly includes the bank as a “middle man,” which could be untrustworthy at times. Blockchain comes into the picture which eliminates the need of a middle man or third party between the users who are involved in the transactions. Represents a financial ledger entry of data structure which consists of record of transactions which is digitally signed and cannot be tampered as authenticity is ensured in which the ledger is considered to be of high integrity. One of the leading and highly valued platform of blockchain is “Hyperledger Fabric” which is meant for securing transactions and serves a powerful container technology for smart contract development in the global capital firms. The potential of Blockchain and DLT in capital markets in this upcoming world could remove many of the inefficiencies and costs inherent in the global capital markets across the world and could be considered as a viable technology which enable to settlement.

scholarly journals COMPETITION OF TRANSNATIONAL BANKS: MAIN TRENDS AND WAYS OF DEVELOPMENT

2021 ◽  
pp. 151-157
Author(s):  
Надежда Константиновна Савельева ◽  
Татьяна Алексеевна Тимкина
Keyword(s):  
Commercial Banks ◽  
Banking Sector ◽  
Banking System ◽  
Competitive Advantages ◽  
International Banking ◽  
Statistical Research ◽  
Cross Border ◽  
The World ◽  
Financial Transactions ◽  
Level Analysis

Статья посвящена проблемам сохранения конкурентных преимуществ коммерческих банков для осуществления финансовых операций на трансграничных рынках. Целью исследования является анализ основных тенденций развития деятельности транснациональных банков в условиях глобализации. Объектом исследования являются мировые лидеры международной банковской сферы. Научная новизна заключается в разработке основных направлений развития банковской системы на международном уровне, результатах анализа опыта лидирующих транснациональных банковских компаний в условиях пандемии The article is devoted to the problems of maintaining the competitive advantages of commercial banks for the implementation of financial transactions in cross-border markets. The aim of the study is to analyze the main trends in the development of the work of transnational banks in the context of globalization. The object of research is the world leaders of the international banking sector. In the process of research, the authors have analyzed theoretical and practical material used in general methods of scientific knowledge and statistical research. Scientific novelty lies in the development of the main directions for the development of the banking system at the international level, analysis of the experience of leading transnational banking companies in the context of a pandemic.

scholarly journals The First Interval: Evaluating ACT's Land Value Tax Transition

2020 ◽  
Author(s):  
Cameron Murray
Keyword(s):  
Transition Period ◽  
Housing Construction ◽  
Tax Rates ◽  
Land Value ◽  
Land Prices ◽  
Different Types ◽  
Land Value Tax

• Increasing land tax rates appears to have deterred housing speculation• Future land tax obligations are already capitalised into lower land prices• Because of this, new home buyers save between $1000 and $2000 per year on mortgage costs• New housing construction has remained strong during the tax transition period• Residential rental growth is at historical lows, benefiting renting households• The distribution of land tax obligations between different types of land holders is the main political sensitivity

UNWTO Basic Documents, Volume II – Staff Regulations and Staff Rules, 3rd edition

2021 ◽  
Keyword(s):  
Legal Framework ◽  
General Introduction ◽  
Financial Regulations ◽  
The World ◽  
Rules Of Procedure ◽  
World Tourism Organization ◽  
Tourism Organization ◽  
Financial Transactions

The UNWTO Basic Documents bring together three volumes which constitute the main legal framework of the World Tourism Organization (UNWTO) : Volume I – Statutes, Rules of Procedure, Agreements, provides a general introduction into the Organization’s legal framework, role and functions. It includes the Statutes and the Financing Rules in its Annex. These outline the Organization’s budget and contributions of Members. Volume II – Staff Rules and Staff Regulations, contains the framework for duties, rights and benefits of employees. Volume III – Financial Regulations and Rules, constitutes the framework governing the budgetary and financial transactions of the Organization. It comprises the Financial Regulations and the Detailed Financial Rules whereupon each chapter of the Financial Regulations has its corresponding chapter in the Detailed Financial Rules.

KONDISI EKONOMI SYARIAH DI INDONESIA PASCA MERGERNYA BANK SYARIAH BUMN

2021 ◽  
Vol 5 (1) ◽  
pp. 90-106
Author(s):  
Angga Syahputra
Keyword(s):  
Market Share ◽  
Financial Services ◽  
Qualitative Method ◽  
Economic Conditions ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Muslim Population ◽  
Banking Market ◽  
The World ◽  
Financial Transactions

Indonesia has the largest Muslim population in the world. With this amount, of course, it should be a capital for economic strength. However, as of November 2020, data released by the Financial Services Authority put the Islamic banking market share at 6.33%. Efforts to merge the three state-owned Sharia banks into Indonesian Sharia Banks are expected to increase the penetration of the sharia economy in Indonesia, which is still far behind when compared to conventional domestic economic movements and Islamic financial transactions in other countries. This research will describe the extent of the sharia economic conditions in Indonesia after the merger of state-owned sharia banks into BSI. This study uses a qualitative method with a type of literature review research which is obtained from various authentic sources such as books, articles, journals and trusted websites. There was a 2.7% increase in the market share of Islamic banks after the merger. This increase when compared to the existing potential and the market is still very small. However, it is hoped that this impact will continue to increase over time, especially as capital support for various financial sectors and the halal industry in the country.

The Sharia Rulings about Letter of Credit in Imports and Exports

2021 ◽  
Vol 21 (2) ◽  
Author(s):  
Dr. Muhammad Nauman Khalid ◽  
Dr.Shafqat ullah khan
Keyword(s):  
The Other ◽  
Formal Process ◽  
Letter Of Credit ◽  
Important Principle ◽  
The World ◽  
Financial Transactions

As you know Islam is permanent law of life it widely contains and provides rules, regulations and guidance for all departments of life. So Islam also provides pure guidance in a complete way to one of the most complicated and enhanced aspect of life that is Finance. On behalf of specific rules and regulations opens the door of easiness, equality and facilitations for business and financial deals with ability of safety of financial transactions over the world. One of important principle in business is Kafala. In financial matters, kafala means that if one party needs to own a debt and the other party need a trust for giving debt. Therefore, the first party provides guarantee means responsibility of paying back on due time and in case of any issues of return the guarantor will be responsible. For example in some situations merchants deals the deal in two different countries presenting the bank as a guarantor instead of individuals. The bank follows formal process named LC to become legal guarantor between parties. Following article contains different discussions like introduction of LC, its methods, types and Shariah issues related.

3. The economic dimension of globalization

2020 ◽  
pp. 38-63
Author(s):  
Manfred B. Steger
Keyword(s):  
World Trade ◽  
Chinese Economy ◽  
Economic Dimension ◽  
The World Bank ◽  
The World ◽  
History Of ◽  
Financial Transactions ◽  
Second World ◽  
The International Monetary Fund

Economic globalization refers to the intensification and stretching of economic connections across the globe. ‘The economic dimension of globalization’ gives a brief history of the emergence of the global economic order. Towards the end of the Second World War, the Bretton Woods Conference laid the foundations for institutions such as the International Monetary Fund, the World Bank, and World Trade Organization. In the 1980s, rising neoliberalism led to the deregulation of financial transactions. Significant developments include the internationalization of trade, the increasing power of transnational corporations, and the enhanced role of international economic institutions. We have recently experienced setbacks like the 2007–10 recession and the slowdown of the Chinese economy.

Blockchain Technology and General Issue of Tax Evasion via Bitcoin

2021 ◽  
pp. 92-108
Author(s):  
Güneş Çetin Gerger
Keyword(s):  
Supply Chain ◽  
Money Laundering ◽  
Tax Evasion ◽  
Market Value ◽  
Financial Fraud ◽  
Terrorist Financing ◽  
Blockchain Technology ◽  
The World ◽  
Financial Transactions ◽  
Digital Assets

Cryptocurrencies often also serve money laundering activities, terrorist financing, tax evasion, and other illegitimate activities with a market value of more than 7 billion euros across the globe, though the total amount is hardly measurable. Indeed, the blockchain technology involves many virtual currencies, including bitcoin, to conduct various financial transactions related practices throughout the world economies. Besides, other blockchain applications are making positive contributions to a wide array of other industries including healthcare, supply chain, manufacturing, etc. This technology which constitutes the backbone of digital assets transactions currencies is characterized by anonymity, privacy, security, and speed. In this sense, for tax administration authorities, detection of financial fraud and regulations with respect to taxation of virtual transactions pose newer emerging challenges. This chapter aims to examine the blockchain technology, cryptocurrencies, especially bitcoin, and look into regulations by world governments to combat tax evasion and illegal transactions.

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