Overview

This book explains the theoretical and policy issues associated with the taxation of financial services and includes a jurisdictional overview that illustrates alternative policy choices and the legal consequences of those choices.

Key Question

It addresses the question: how can financial services in an increasingly globalized market best be taxed through VAT while avoiding economic distortions?

Practical Problems and Reforms

It supports the discussion of the key practical problems that have arisen from the particular complexity of the application of VAT to financial services, and allows for the evaluation of best practice by comparing the major current reform models now being implemented.