Financial Transaction Taxes Dissertation Example | Topics and Well Written Essays - 2500 words

Financial Transaction Taxes - Dissertation Example Research report by Economic & Financial Policies Directorate, Ministry for EU Affairs, Turkey (Economic & Financial Policies Directorate, July 2012. FinansalIslem Vergilerive Avrupa BirligiUygulamas?. Ankara, Turkey) Useful information about taxation. Statistical references to specific issues. Research report by Ernst & Young LLP (Tax Policy Services, April 2012. Financial Transaction Tax, Which way now? London, United Kingdom) Useful for the understanding the current situation of the holistic structure of financial taxes in EU. http://www.gib.gov.tr (2012) This website was searched throughout to gain a deeper understanding of Turkish Tax System II - INTRODUCTION A financial transaction tax (FTT) is a tax placed on a specific type of financial transaction for a specific purpose. This term is most commonly associated with the financial sector. (HM Revenue & Customs, 2001)By any name, financial transaction tax is a fee paid any time by an individual or a company buys or sells a share o f stock, any type of security, a futures contract, an options contract, or any of the commonly traded financial instruments. In recent times, the term FTT has been used to refer to the proposed bill â€Å"Let Financial Market Pay for the Restoration of Real Market Bill†. ... In this project, types of FTT researched will give information about implemented and proposed FTTs including country samples and political support with evaluation. III - HISTORY OF FINANCIAL TRANSACTION TAXES As it is known from the history of economics, financial implementations and investigations are always started in countries which see their future earlier than their economy go into the crash. In 1694, an early implementation of a financial transaction tax in the form of a  stamp duty  at the  London Stock Exchange. The tax was payable by the buyer of shares for the official stamp on the legal document needed to formalize the purchase. As of 2011, it is the oldest tax still in existence in Great Britain (Kincaid, 2009).   In 1936, in the wake of the  Great Depression,  John Maynard Keynes  advocated the wider use of financial transaction taxes (Wishart, 2012). Essentially, first tax proposal for the financial sector was put forward by Keynes. He assimilated markets that are dominated by speculation to ‘casino’. He asserted that long-term stability could be provided by taxation on security transactions. Keynes indicated that taxation on security transactions would decrease speculation and provide an effective distribution of resources in the market with ‘right’ price level. In 1972, the  Bretton Woods system  for stabilizing currencies effectively came to an end. In that context, James Tobin, influenced by the work of Keynes, suggested his more specific  currency transaction tax  for stabilizing currencies on a larger global scale (Tobin, 1993) In 1989, Edgar Feige generalized the ideas of Keynes and Tobin by proposing a small flat rate tax on all transactions (Wishart, 2012). In December 1994,  the economic crisis in Mexico  and 1997 Asia Crisis

Enhancing Dementia Practice Essay Example | Topics and Well Written Essays - 2500 words

Enhancing Dementia Practice - Essay Example w of the most important strategies in Northern Ireland include: educating people about the possible signs and symptoms of dementia, creating a friendly community for people with dementia, creating public awareness about the importance of early diagnosis, integrating a wide-range of services that will support the specific needs of people with dementia, and extending necessary trainings and support of carers of people with dementia. Dementia is often characterised by having memory impairment and increased risk of having aphasia – language deficit, agnosia – perceptual disorder, and apraxia – motor functioning disorder (Mendez and Cummings, 2003, p. 6). Aside from having progressive memory loss, people with dementia can be very much disoriented (Gilmour and Brannelly, 2010). Likewise, there are cases wherein people with dementia experience cognitive deficit when it comes to comprehension and reasoning (Gilmour and Brannelly, 2010). Among the common types of dementia include Alzheimer’s disease (62%) followed by vascular dementia (17%), mixed dementia (10%), lewy-body dementia (4%), fronto-temporal dementia (2%), Parkinson’s dementia (2%), and others (3%) (Alzheimers Society, 2015a). As of 2015, roughly 20,966 people in Northern Ireland were diagnosed with dementia (Alzheimers Society, 2015a). By 2051, the number of people with dementia in Northern Ireland is expected to increase between 60,000 (Department of Health, Social Services and Public Safety, 2011) to 61,000 (DSDC, 2015). (See Figure I – Types of Dementia below) Almost half the number of people with dementia is receiving care and support in care homes (Department of Health, Social Services and Public Safety, 2011). To help improve the quality of health and social care services given to people with dementia, the Health Minister of Northern Ireland received a funding of  £6 million from the state government last September 2014 (Northern Ireland Executive, 2014).Through state funding, it is