Effective taxation of financial institutions: international comparison of practices Effective taxation of financial institutions: international comparison of practices
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Jul 6, 2020
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Это произведение доступно по лицензии Creative Commons «Attribution-ShareAlike» («Атрибуция — На тех же условиях») 4.0 Всемирная
Это произведение доступно по лицензии Creative Commons «Attribution-ShareAlike» («Атрибуция — На тех же условиях») 4.0 Всемирная
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Abstract
Most of advanced and developing economies review and re-examine the relevance of fiscal and banking policy
regimes due to systemic downturn in global financial crisis. Existing fiscal gap and financial market disorders led to the
introduction of new taxes and mandatory fees for banks for double edged reasons – bridging the fiscal gap and bank capital
regulation. In a harsh economic condition most banks required the governments to rethink the taxation policy for financial
institutions. Most policymakers and researchers are devising diverse proposals on optimal taxation which meet the needs of
both parties. This paper studies the international bank taxation policies and recent development, and examines the
opportunities of introduction of optimal taxation for banks in banking system of Uzbekistan.
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How to Cite
Komolov, O. (2020). Effective taxation of financial institutions: international comparison of practices. Scientific Research Archive, 1(22). Retrieved from https://ejournal.tsue.uz/index.php/archive/article/view/2688
References
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[2] Cannas. G., Cariboni, J., Marchesi, M., Nicodème, G. and
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[7] Nicolò G., Gamba, A. and Lucchetta, M. Capital
regulation, liquidity requirements and taxation in a
dynamic model of banking. Deutsche Bundesbank
Discussion Papers. 2012.
[8] Page, R. Foolish Revenge or Shrewd Regulation?
Financial-Industry Tax Law Reforms Proposed in the
Wake of the Financial Crisis. Tulane Law Review. Vol.
85, Issue 1. 2014.
[9] Seely, A. Taxation of Banking. Library of House of
Commons. SN5152. 2014.
1. Khudoykulov Kh.Kh.The analysis of the arbitrage pricing model on the stock return: a case of Athens stock market // American Journal of Finance and Accounting, - The United States of America, Volume 5, Issue.1, August 2017.- pp.51-63
2. Khudoykulov Kh.Kh. The relationship between the risk of the asset and its expected rate of return: a case of stock exchange market of five European countries// International Journal of Modelling and Simulation, Canada, Volume. 36, Issue.4, June 2016 - P.107-119.
3. Khudoykulov Kh.Kh. Verifying capital asset pricing model in Greek capital market//International Journal of Economics and Accounting,- The United States of America, Volume 5, Issue.1, May 2016.- pp.55-65
4. Khudoykulov Kh.Kh. Investment valuation in emerging markets: opportunties & specific factors // Иқтисодиёт ва инновацион технологиялар илмий электрон журнали. – Тошкент, 2013.-№ 7.-1-6
5. Burkhanov, U., Allaberganova, N., Khudoykulov, K. Problems of attraction of foreign direct investments in Uzbekistan. Spanish Journal of Rural Development, Vol. VI (1-2): 59-64
6. Khudoykulov, K.,* Khamidov, O., Aktamov A. Testing Capital Asset Pricing Model (CAPM) on the Emerging Markets of the Europe. Spanish Journal of Rural Development, Vol. VI (3)
7. Khudoykulov Kh. Kh. Testing Capital Asset Pricing Model (CAPM) on the Emerging Markets of the Europe // International Scientific Conference Management 2014: International Business and Management, Domestic Particularities and Emerging Markets in the Light of Research, Slovakia 2014, pp.53-60
8. Худойқулов Х.Х. Инвестиция лойиҳаларини амалга оширишда капитал бюджет тузишнинг услубий жиҳатлари // Иқтисод ва молия.-Тошкент, 2013 йил.- №9.- 41-46 б.
9. Mustafakulov Sh.I. & Khudoykulov Kh Kh. Verifying capital asset pricing model in Greek capital market // Central european review of economics & Finance, Poland, Volume.7, Issue. 1, March 2015. – pp.5-16.
3. Odiljon Komolov. Optimal Taxation of Banks in Financial Sector Regulation in Uzbekistan: Practical Approach // Research Journal of Finance and Accounting, USA., Volume. 6, No.18, 2015 - P.107-119.
4. Odiljon Komolov. To the problem of benefits to commercial banks of Uzbekistan // Perspectives of Innovations, Economics and Business, Praga-Czech Republic, Volume. 1, 2009, pp – 6.
5. Odiljon Komolov. Issues of further development of the service sector in the country // Finance, Tashkent-Uzbekistan, Volume 3, 2015, pp – 5.
6. Odiljon Komolov. The role of commercial banks in the development of the service sector in the regions // Finance, Tashkent-Uzbekistan, Volume 3, 2013, pp – 4.
7. Odiljon Komolov. The impact of effective public procurement on the economy // Finance, Tashkent-Uzbekistan, Volume 2, 2013, pp – 6.
8. Odiljon Komolov. Financial innovations: interactive services in the tax system // Market, money and credit, Tashkent-Uzbekistan, Volume 11, 2010, pp – 4.
taxation. Temi di discussion. WP649. 2007.
[2] Cannas. G., Cariboni, J., Marchesi, M., Nicodème, G. and
Giudici, M. Financial Activities Taxes, Bank Levies and
Systemic Risk. Taxation Papers. N43. 2014.
[3] Chaudhry S., Mullineux A. and Agarwal N. Balancing the
Regulation and Taxation of Banking. International Review
of Financial Analysis. 2015.
[4] Huizinga, H., Voget, J. and Wagner, W. International
Taxation and Cross-Border Banking. Oxford University
Centre for Business Taxation. WP 12/25. 2012.
[5] Keen, M. (2011) The Taxation and Regulation of
Financial Institutions. IMF Working Papers. WP 11/206.
2011.
[6] Kocherlakota, Narayana. Taxing Risk and the Optimal
Regulation of Financial Institutions. Federal Reserve Bank
of Minneapolis Economic Policy Papers. 10-3. 2010.
[7] Nicolò G., Gamba, A. and Lucchetta, M. Capital
regulation, liquidity requirements and taxation in a
dynamic model of banking. Deutsche Bundesbank
Discussion Papers. 2012.
[8] Page, R. Foolish Revenge or Shrewd Regulation?
Financial-Industry Tax Law Reforms Proposed in the
Wake of the Financial Crisis. Tulane Law Review. Vol.
85, Issue 1. 2014.
[9] Seely, A. Taxation of Banking. Library of House of
Commons. SN5152. 2014.
1. Khudoykulov Kh.Kh.The analysis of the arbitrage pricing model on the stock return: a case of Athens stock market // American Journal of Finance and Accounting, - The United States of America, Volume 5, Issue.1, August 2017.- pp.51-63
2. Khudoykulov Kh.Kh. The relationship between the risk of the asset and its expected rate of return: a case of stock exchange market of five European countries// International Journal of Modelling and Simulation, Canada, Volume. 36, Issue.4, June 2016 - P.107-119.
3. Khudoykulov Kh.Kh. Verifying capital asset pricing model in Greek capital market//International Journal of Economics and Accounting,- The United States of America, Volume 5, Issue.1, May 2016.- pp.55-65
4. Khudoykulov Kh.Kh. Investment valuation in emerging markets: opportunties & specific factors // Иқтисодиёт ва инновацион технологиялар илмий электрон журнали. – Тошкент, 2013.-№ 7.-1-6
5. Burkhanov, U., Allaberganova, N., Khudoykulov, K. Problems of attraction of foreign direct investments in Uzbekistan. Spanish Journal of Rural Development, Vol. VI (1-2): 59-64
6. Khudoykulov, K.,* Khamidov, O., Aktamov A. Testing Capital Asset Pricing Model (CAPM) on the Emerging Markets of the Europe. Spanish Journal of Rural Development, Vol. VI (3)
7. Khudoykulov Kh. Kh. Testing Capital Asset Pricing Model (CAPM) on the Emerging Markets of the Europe // International Scientific Conference Management 2014: International Business and Management, Domestic Particularities and Emerging Markets in the Light of Research, Slovakia 2014, pp.53-60
8. Худойқулов Х.Х. Инвестиция лойиҳаларини амалга оширишда капитал бюджет тузишнинг услубий жиҳатлари // Иқтисод ва молия.-Тошкент, 2013 йил.- №9.- 41-46 б.
9. Mustafakulov Sh.I. & Khudoykulov Kh Kh. Verifying capital asset pricing model in Greek capital market // Central european review of economics & Finance, Poland, Volume.7, Issue. 1, March 2015. – pp.5-16.
3. Odiljon Komolov. Optimal Taxation of Banks in Financial Sector Regulation in Uzbekistan: Practical Approach // Research Journal of Finance and Accounting, USA., Volume. 6, No.18, 2015 - P.107-119.
4. Odiljon Komolov. To the problem of benefits to commercial banks of Uzbekistan // Perspectives of Innovations, Economics and Business, Praga-Czech Republic, Volume. 1, 2009, pp – 6.
5. Odiljon Komolov. Issues of further development of the service sector in the country // Finance, Tashkent-Uzbekistan, Volume 3, 2015, pp – 5.
6. Odiljon Komolov. The role of commercial banks in the development of the service sector in the regions // Finance, Tashkent-Uzbekistan, Volume 3, 2013, pp – 4.
7. Odiljon Komolov. The impact of effective public procurement on the economy // Finance, Tashkent-Uzbekistan, Volume 2, 2013, pp – 6.
8. Odiljon Komolov. Financial innovations: interactive services in the tax system // Market, money and credit, Tashkent-Uzbekistan, Volume 11, 2010, pp – 4.