How to tax a banking oligopoly

ACDE Trade & Development Seminars


Chris Murphy, Visiting Fellow, Arndt-Corden Department of Economics, Crawford School.


Other, please see description for details


Tuesday, 18 July, 2017 - 14:15 to 15:45

In responding to the Global Financial Crisis (GFC), the International Monetary Fund (IMF) made three main proposals for new taxes on financial services. The Financial Stability Contribution proposal has been adopted in Australia through the new Major Bank Levy. Australia has yet to adopt the IMF proposals for a Financial Activities Tax. The FAT1 would remove the concessional treatment of financial services under the GST, while the FAT2 would tax economic rents.

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