Skip to main content
Top

2019 | OriginalPaper | Chapter

5. Tax Planning in Bank Tax—Analysis of the Use of Treasury Bonds

Author : Małgorzata Twarowska-Ratajczak

Published in: Effective Investments on Capital Markets

Publisher: Springer International Publishing

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

Purpose: The issue of taxation of the financial sector has long been widely discussed both in the European Union and in other countries of the world. It is extremely important to construct a proper tax, which would ensure the objectives set for it, and at the same time would generate as little negative effects as possible and would be as little burdensome for taxpayers as possible. The aim of the study is to verify the hypothesis that banks in Poland use the possibility of purchasing treasury bonds in order to lower the tax base. Methods: The paper analyses the use of treasury securities as an instrument of tax optimisation. The study includes theoretical and empirical research. A descriptive comparative analysis has been used to assess if after the introduction of the tax on some financial institutions there was an increase in treasury bond purchases in the last days of the month and an increase in sales at the beginning of the following month. Results and conclusions: The author confirmed the research hypothesis that banks in Poland use the possibility of buying treasury bonds in order to lower the tax base.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Business + Economics & Engineering + Technology"

Online-Abonnement

Springer Professional "Business + Economics & Engineering + Technology" gives you access to:

  • more than 102.000 books
  • more than 537 journals

from the following subject areas:

  • Automotive
  • Construction + Real Estate
  • Business IT + Informatics
  • Electrical Engineering + Electronics
  • Energy + Sustainability
  • Finance + Banking
  • Management + Leadership
  • Marketing + Sales
  • Mechanical Engineering + Materials
  • Insurance + Risk


Secure your knowledge advantage now!

Springer Professional "Business + Economics"

Online-Abonnement

Springer Professional "Business + Economics" gives you access to:

  • more than 67.000 books
  • more than 340 journals

from the following specialised fileds:

  • Construction + Real Estate
  • Business IT + Informatics
  • Finance + Banking
  • Management + Leadership
  • Marketing + Sales
  • Insurance + Risk



Secure your knowledge advantage now!

Literature
This content is only visible if you are logged in and have the appropriate permissions.
Metadata
Title
Tax Planning in Bank Tax—Analysis of the Use of Treasury Bonds
Author
Małgorzata Twarowska-Ratajczak
Copyright Year
2019
DOI
https://doi.org/10.1007/978-3-030-21274-2_5

Premium Partner