Derivatives and the European VAT system : derivatives in the context of the scope of taxable supplies /

"If derivatives are capable of destabilizing the world economy, they are too powerful a tool to be ignored in European VAT. That said, while certain types of derivatives (e.g. gold derivatives and certain options) are currently regulated under the EU VAT Directive (2006/112/EC), the lack of reg...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Hokkanen, Marja (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Amsterdam : IBFD, [2020]
Colección:Doctoral series ; v. 55.
Temas:
Derivative securities > Taxation > Law and legislation > European Union countries.
Value-added tax > Law and legislation > European Union countries.
Value-added tax > Law and legislation
Derivative securities > Taxation > Law and legislation
Securities
Taxation > Law and legislation
Value-added tax
European Union countries
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover
  • IBFD Doctoral Series
  • Title
  • Copyright
  • Dedication
  • Preface
  • Abbreviations
  • Chapter 1: Introduction
  • 1.1. Introduction
  • 1.2. Derivatives and VAT
  • 1.3. Purpose of the study
  • 1.4. State of research
  • 1.5. Methodology
  • 1.6. Structure of the study
  • Chapter 2: The European VAT System
  • 2.1. The nature of VAT as a tax system
  • 2.1.1. Introduction
  • 2.1.2. VAT as a consumption tax
  • 2.1.3. The scope of VAT
  • 2.1.4. VAT exemption
  • 2.2. Fundamentals governing the European VAT system
  • 2.2.1. Introduction
  • 2.2.2. Interpretation of the VAT Directive
  • 2.2.3. VAT and the principle of neutrality
  • 2.3. Status of regulation
  • 2.3.1. Derivatives regulated in the VAT Directive
  • 2.3.2. The Council Implementing Regulation
  • 2.3.3. Impact of the lack of regulation
  • 2.3.4. European Commission proposals to regulate derivatives
  • 2.3.4.1. Purpose of the proposals
  • 2.3.4.2. Exemption of derivatives
  • 2.3.4.3. Lack of results at the EU Council
  • Chapter 3: Characteristics of Derivatives
  • 3.1. Introduction
  • 3.2. What are derivatives used for?
  • 3.2.1. The purpose of derivatives
  • 3.2.2. Speculation and arbitrage
  • 3.2.3. Hedging
  • 3.2.4. Other reasons to trade
  • 3.3. Trading platforms
  • 3.3.1. Where are derivatives traded?
  • 3.3.2. OTC derivatives: Documentation
  • 3.3.3. Margins and collateralization
  • 3.4. Most common derivatives
  • 3.4.1. Introduction
  • 3.4.2. Options
  • 3.4.2.1. The nature of an option
  • 3.4.2.2. The settlement of an option
  • 3.4.2.3. Price paid for the option right
  • 3.4.2.4. Examples of options
  • 3.4.3. Forwards and futures
  • 3.4.3.1. Forwards
  • 3.4.3.2. Futures
  • 3.4.4. Swaps
  • 3.4.4.1. What is a swap?
  • 3.4.4.2. Interest rate swaps
  • 3.4.4.3. Currency swaps
  • 3.4.4.4. Credit default swaps
  • 3.5. Derivatives: Underlying variables
  • 3.6. Execution of derivatives
  • 3.6.1. Physical or cash settlement
  • 3.6.2. Choosing the method of settlement
  • 3.7. EU regulation and derivatives
  • 3.7.1. A need for new regulation in the European Union
  • 3.7.2. Latest regulation in the financial sector
  • 3.7.3. Relationship of VAT with other legislation
  • Chapter 4: Legislative Practice in European Countries
  • 4.1. Introduction
  • 4.2. The United Kingdom
  • 4.2.1. Introduction to the UK VAT system
  • 4.2.2. UK financial derivatives
  • 4.2.3. UK commodity derivatives
  • 4.2.4. UK black box scheme
  • 4.3. Other European countries
  • 4.3.1. Diversity of interpretations in the European Union
  • 4.3.2. VAT treatment: Determining factors
  • 4.3.3. Role of derivatives as financial services
  • 4.3.4. Treatment of commodity derivatives
  • 4.3.5. Swaps: Single or several supplies?
  • 4.3.6. Options and premium paid
  • 4.4. Conclusions
  • Chapter 5: Derivative Contracts as Objects of Supplies under VAT
  • 5.1. Introduction
  • 5.2. Supplies of goods and services under the VAT Directive
  • 5.2.1. Definition of goods and services

Ejemplares similares