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Bank Tax
A bank tax, or a bank levy, is a tax on banks which was discussed in the context of the 2008 financial crisis. The bank tax is levied on the capital at risk of financial institutions, excluding federally insured deposits, with the aim of discouraging banks from taking unnecessary risks. The bank tax is levied on a limited number of sophisticated taxpayers and is not especially difficult to understand. It can be used as a counterbalance to the various ways in which banks are currently subsidized by the tax system, such as the ability to subtract bad loan reserves, delay tax on interest received abroad, and buy other banks and use their losses to offset future income. In other words, the bank tax is a small reimbursement of taxpayer funds used to bailout major banks after the 2008 financial crisis, and it is carefully structured to target only certain institutions that are considered "too big to fail." On 16 April 2010, the International Monetary Fund (IMF) put forward three possibl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Toronto Metropolitan University
Toronto Metropolitan University (TMU, or Toronto Met), formerly Ryerson University, is a Public university, public research university located in Toronto, Canada. The university's core campus is situated within the Garden District, Toronto, Garden District in downtown Toronto, although it also operates facilities elsewhere in the city. The university includes seven academic divisions/faculties: the Faculty of Arts, the Faculty of Community Services, the Faculty of Engineering and Architectural Science, the Faculty of Science, the Creative School, the Lincoln Alexander School of Law, and the Ted Rogers School of Management. Many of these are further organized into smaller departments and schools. The university also provides continuing education services through the G. Raymond Chang School of Continuing Education. The institution was established in 1948 as the Ryerson Institute of Technology, named after Egerton Ryerson, a prominent contributor to the design of the public school ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tulane Law Review
The ''Tulane Law Review'', a publication of the Tulane University Law School, was founded in 1916, and is currently published five times annually. The ''Law Review'' has an international circulation. History The ''Law Review'' was started as the ''Southern Law Quarterly'' by Rufus Carrollton Harris, the school's twelfth dean. Charles E. Dunbar, Jr., the civil service reformer who became a Tulane law professor, served on the board of advisory editors of the ''Tulane Law Review'' from its inception until his death in 1959. A 1937 ''Time'' magazine A magazine is a periodical literature, periodical publication, print or digital, produced on a regular schedule, that contains any of a variety of subject-oriented textual and visual content (media), content forms. Magazines are generally fin ... about Rufus Harris describes the ''Tulane Law Review'' as "nationally famed". The ''Law Review'' was most recently cited by the United States Supreme Court on April 27, 2010. Members ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bretton Woods Project
The Bretton Woods Project works as a networker, information-provider, media informant and watchdog to scrutinise and influence the World Bank and International Monetary Fund (IMF). Through briefings, reports and the bimonthly diges''Bretton Woods Update'' it monitors projects, policy reforms and the overall management of the Bretton Woods institutions with special emphasis on environmental and social concerns. Created as an independent initiative by a group of British non-governmental organisations (NGOs), it works with an extensive network to press for increased transparency and civil society participation in World Bank and IMF policies and interventions. This includes over, 7000 non-governmental organisations, policy-makers, journalists, researchers and parliamentarians worldwide. By encouraging information exchange and debate, it seeks to move the Bretton Woods institutions away from simplistic approaches to development. Priority areas include: * World Bank and IMF Roles * str ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial-transactions Tax
A financial transaction tax (FTT) is a tax, levy on a specific type of financial transaction for a particular purpose. The tax has been most commonly associated with the financial sector for transactions involving intangible property rather than real property. It is not usually considered to include consumption taxes paid by consumers. A transaction tax is levied on specific transactions designated as taxable rather than on any other attributes of financial institutions. If an institution is never a party to a taxable transaction, then no transaction tax will be levied from it. If an institution carries out one such transaction, then it will be levied the tax for the one transaction. This tax is narrower in scope than a Financial activity tax, financial activities tax (FAT), and is not directly an industry or sector tax like a Financial stability contribution (FSC), or "bank tax", for example. These distinctions are important in discussions about the utility of financial transact ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Transactions Tax
A financial transaction tax (FTT) is a levy on a specific type of financial transaction for a particular purpose. The tax has been most commonly associated with the financial sector for transactions involving intangible property rather than real property. It is not usually considered to include consumption taxes paid by consumers. A transaction tax is levied on specific transactions designated as taxable rather than on any other attributes of financial institutions. If an institution is never a party to a taxable transaction, then no transaction tax will be levied from it. If an institution carries out one such transaction, then it will be levied the tax for the one transaction. This tax is narrower in scope than a financial activities tax (FAT), and is not directly an industry or sector tax like a Financial stability contribution (FSC), or "bank tax", for example. These distinctions are important in discussions about the utility of financial transaction tax as a tool to select ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Toronto Star
The ''Toronto Star'' is a Canadian English-language broadsheet daily newspaper. It is owned by Toronto Star Newspapers Limited, a subsidiary of Torstar Corporation and part of Torstar's Daily News Brands (Torstar), Daily News Brands division. The newspaper was established in 1892 as the ''Evening Star'' and was later renamed the ''Toronto Daily Star'' in 1900, under Joseph E. Atkinson. Atkinson was a major influence in shaping the editorial stance of the paper, with the paper reflecting his principles until his death in 1948. His son-in-law, Harry C. Hindmarsh, shared those principles as the paper's longtime managing editor while also helping to build circulation with sensational stories, bold headlines and dramatic photos. The paper was renamed the ''Toronto Star'' in 1971 and introduced a Sunday edition in 1977. History The ''Star'' was created in 1892 by striking ''Toronto News'' printers and writers, led by future mayor of Toronto and social reformer Horatio Clarence Hocke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2010 G20 Toronto Summit
The 2010 G20 Toronto summit was the fourth meeting of the G20 heads of state/government, to discuss the global financial system and the world economy, which took place at the Metro Toronto Convention Centre in Toronto, Ontario, Canada. The summit's priorities included evaluating the progress of financial reform, developing sustainable stimulus measures, debating global bank tax, and promoting open markets. Alongside the twenty-one representatives of the G20 major economies, leaders of six invited nations, and eight additional intergovernmental organizations also took part in the summit. Prior to the summit, Canadian Prime Minister Stephen Harper announced that the theme would be "recovery and new beginnings," referring to an anticipated economic stimulus from the impact of the ongoing world recession. Harper initially proposed to hold the summit in Huntsville, Ontario, where the 36th G8 summit was scheduled immediately prior. Organizers later deemed the town insufficient t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Keynes
John Maynard Keynes, 1st Baron Keynes ( ; 5 June 1883 – 21 April 1946), was an English economist and philosopher whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century, he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots. His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics. He is known as the "father of macroeconomics". During the Great Depression of the 1930s, Keynes spearheaded a revolution in economic thinking, challenging the ideas of neoclassical economics that held that free markets would, in the short to medium term, automatically provide full employment, as long as workers were flexible in their wage demands. He argued that agg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
