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Stock Exchange, which caused the Exchange to move to Bala Cynwyd, immediately outside Philadelphia, until the tax was rescinded.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 ?
Although the FTT is connected to and understood as a Tobin tax in most cases, several different tax instruments are generally referred to as "financial transaction taxes.
3 percent and capital gains tax receipts actually fell by more than the amount of transaction taxes collected.
The idea of financial transaction taxes (FTTs) is not new, and indeed one such example already exists for health ?
Withholding and transaction taxes applied to the clearing and settlement of cross-border securities deals could be subject to EU regulation, after barriers to trading on capital markets were identified in a new Commission Fact Funding Study.
The presumptive use of the substance-over-form doctrine in income taxes does not apply to other types of taxes, particularly transaction taxes.
Any procurement team that is not considering transaction taxes in its landed costs could be making an expensive mistake as normally recoverable value-added tax (VAT) and goods and services tax (GST) can sometimes become an expense that should be factored into landed cost.
15 Exchange Place, which inspired the architecture for 70 & 90 Hudson Street, was built in the early 1900's to accommodate the booming stock transaction clearing flow that emanated from Manhattan as a result of a disparity in transaction taxes.
is a provider of enterprise transaction tax software and tax research that enables Global 2000 companies to improve cash management and profitability through the centralized management of global transaction taxes.
based Tobin Tax Initiative and France's Association for Transaction Taxes to Aid Citizens (ATTAC), sprang up and started a carefully coordinated international campaign to promote the Tobin tax.
And the transaction taxes you describe would kick in at that point.
Whether a business chooses the CSP or CAS model, Taxware's certified solutions will help them reduce the burden of tax compliance on remote and point of sale transactions, provide more control over cash flow as it impacts transaction taxes, and support compliance with Sarbanes-Oxley.
Make permanent the current moratorium on any transaction taxes on the sale of Internet access, including taxes that were grandfathered under the Internet Tax Freedom Act.

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