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Stock Exchange, which caused the Exchange to move to Bala Cynwyd, immediately outside Philadelphia, until the tax was rescinded.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 ?
Walter Gardisch is an Operations executive in Ryan's Toronto office, where he specializes in providing Canadian transaction tax services to clients in a variety of industries, develops and reviews Firm policies and training materials, and is responsible for the Quality Assurance program for Canadian transaction taxes.
3 percent and capital gains tax receipts actually fell by more than the amount of transaction taxes collected.
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.
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.
Prior to joining Ryan, he was Director of Transaction Taxes for a national telecommunications company, held roles as a Senior Tax Specialist and a Senior Tax Analyst for Fortune 500 companies, and served as a Large Case Auditor for the Illinois Department of Revenue, as well as a Sales Tax Agent for the Ohio Department of Taxation.
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.
Fiscal 2006 non-property tax revenue estimates have been revised upward by $3 billion, or about 19%, from original estimates, once again driven by extraordinary growth in real estate transaction taxes and strength in personal income and business taxes.
to join the rest of the world -- including every other major global financial market -- in a growing system of financial transaction taxes.

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