• Service: Tax, Financial Services Tax
  • Type: Business and industry issue
  • Date: 7/27/2012

Frontiers in Tax - July 2012 

Legislators are struggling to translate policymakers’ broad prescriptions into detailed rules for a new financial services environment. In the process, we are seeing the clarity of principle confronting the complexity of reality.
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Apparently clear objectives - to prevent the excessively risky behavior which led to the economic crisis, to ensure that systemically important institutions cannot threaten financial stability - prove quite difficult to develop into coherent tax regulations. Different jurisdictions have subtly different priorities; new rules have unintended consequences; political considerations intrude.

Financial Services Tax

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Banks, brokers, insurance companies and investment managers all require customized tax advising. KPMG concentrates on the needs of financial services providers, thereby contributing to their value creation process.