This book examines how tax policies contributed to the financial crisis; whether taxation can play a role in the reform efforts to establish a sounder and safer financial system; and the pros and cons of various tax initiatives.
1. Taxation and the Financial Crisis ; 2. Tax and the Crisis ; 3. The Role of Housing Tax Provisions in the 2008 Financial Crisis ; 4. The Role of Taxes in Compensation Schemes and Structured Finance ; 5. Can Tax Policy Help to Prevent Financial Crisis? ; 6. Taxation and the Financial Sector ; 7. The 2008 Financial Crisis: Implications for Income Tax Reform ; 8. Moving Beyond the Crisis: Strengthening Understanding of How Tax Policies Affect the Soundness of Financial Markets ; 9. Government Debt Management at Low Interest Rates ; 10. What Do We Know About the Effects of Fiscal Consolidation on Short Term Growth? Implications for the UK ; 11. Financial Systemic Risk, Regulation and Taxation: The Economic and Political Dimensions