Transaction tax


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Transaction tax

Applies mainly to international equities. Levies on a deal that foreign governments sometimes charge.

Transaction Tax

A tax on a sale of property, especially the sale of a security. This is rarely used in the United States. In 1968, the City of Philadelphia levied a small transaction tax on all shares traded on the Philadelphia Stock Exchange, which caused the Exchange to move to Bala Cynwyd, immediately outside Philadelphia, until the tax was rescinded. More rarely, the term transaction tax may refer to a tax on the transfer of title on any property such as real estate. In this sense, capital gains taxes and estate taxes are transaction taxes. It is also called a transfer tax. See also: Stamp duty.
References in periodicals archive ?
Neil Rees is a strategic advisor to Sabrix, a provider of global transaction tax management software and tax research.
Michael Tenini is based in the Dallas, Texas office and specializes in providing transaction tax services in the oil and gas industry.
Therefore, for those who have to pay securities transaction gains tax, securities transaction tax equals to zero.
The MOF, instead, suggested earmarking part of the income from securities transaction tax, reaching NT$105.
1% securities transaction tax following the expiration of the Statute for Industrial Upgrading at year end, the legal basis for the free-tax privilege at present.
As government simplifies and modernizes transaction tax administration, Taxware is helping business by providing two approaches for compliance," said Charles Collins, vice president of government affairs at Taxware.
In addition, the STA Board's letter cautions Congressional leaders against implementing a new financial transaction tax (FTT).
The central bank of Netherlands has said that it is not in favour of a European financial transaction tax.
April 4, 2014 /PRNewswire-iReach/ -- Transaction Tax Resources (TTR) is proud to announce another new feature to their website: early access to sales and use tax rates for TTR subscribers.
Global Banking News-September 29, 2011--Credit Suisse says transaction tax less likely(C)2011 ENPublishing - http://www.
DALLAS, April 1, 2014 /PRNewswire/ -- Ryan, a leading global tax services firm with the largest indirect and property tax practices in North America, today announced that Damon Chronis, Ryan Principal and Transaction Tax Practice Leader, has received the 2014 Chairman's Award in recognition of his outstanding accomplishments and exemplary service.

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