Special taxes in banking

Masiukiewicz, Piotr; Dec, Paweł

doi:10.15208/pieb.2012.06

Cited by 5 publications

(3 citation statements)

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“…The research is based on theories of sustainable development [1][2][3][4][5][6]. Financial aspects of ensuring sustainable development of agriculture and rural areas were studied in works [7].…”

Section: Methodsmentioning

confidence: 99%

Digital infrastructure for sustainable development of Russian agriculture

Korobeynikova,

Korobeynikov,

Dugina

et al. 2024

BIO Web Conf.

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The purpose of the article is to assess the implementation of sustainable development goals and consider the current state of the digital infrastructure for the sustainable development of Russian agriculture. The main directions of sustainable development in Russia include the development of agriculture and sustainable infrastructure. The dynamics of achieving 17 sustainable development goals established by the Russian Government are considered. A conclusion is made about the positive dynamics of achieving goals and the factors that influenced this dynamics are identified. The digital infrastructure for the sustainable development of Russian agriculture in the modern economy is discussed in the article through the use of digital technologies, as well as their accessibility to agricultural organizations. The insufficient provision of Russian agriculture with sustainable development infrastructure and insufficient use of digital technologies were noted. The low availability of high-speed Internet networks in rural areas is a significant limiting factor for the sustainable development of organizations in agriculture. The financial infrastructure for sustainable development is represented by commercial banks and non-bank credit organizations. Russian agriculture is primarily served by two largest banks: Russian Agricultural Bank and SberBank. They implement sustainable development programs; SberBank is a leader in promoting sustainable development and ESG programs.

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Section: Methodsmentioning

confidence: 99%

Digital infrastructure for sustainable development of Russian agriculture

Korobeynikova,

Korobeynikov,

Dugina

et al. 2024

BIO Web Conf.

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“…A great contribution was made to the development of modern credit theory based on ecosystem principles and approaches that do not include long-term sustainable development [4][5][6][7][8]. The solution of certain practical issues of lending from the point of view of modern digital innovations is considered in detail in [9][10][11][12], including in the territorial and sectoral aspects [13][14][15]. The author's theories of sustainable development, philosophy and economic concepts on which ESG are based are detailed in [16][17][18][19][20][21].…”

Section: Methodsmentioning

confidence: 99%

ESG-lending in the Russian economy

et al. 2023

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The purpose of the article is to consider the current state of ESG lending in the Russian economy, the features of ESG rating of Russian financial companies and approaches to potential borrowers, and to identify the most relevant areas for the development of ESG lending to Russian companies. Despite the fact that Russian companies and the Russian economy are under sanctions and the opportunities to enter foreign markets are significantly limited, ESG remains relevant. An analysis of ESG practices in the banking sector conducted in 2022 by Expert RA showed that only large credit institutions follow the ESG concept. More than 50% of the top 20 banks have implemented KPIs for ESG indicators in their lending and investment processes. In the practice of Russian banks, ESG-assessment of credit risks includes indicators of default probability, analysis and evaluation of portfolios in terms of industry/geographical concentrations, exposure limits, borrowing strategies, scenario analysis and/or stress testing. It is concluded that Russian companies in the financial sector use ESG approache for their own strategic development and for lending to their clients, and that government support is required for the ESG transformation of the banking sector.

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“…In another paper by Dec and Masiukiewicz (2012), they continued discussing the possible implementation of the bank tax. They added that the banking sector of Poland was already one of the most heavily taxed in the country, and that the new tax could have a very negative impact on the activities of Polish banks.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Bank Tax on Lending Margin

Čeponis

Kuslys

Šarapovas

2021

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In February 2016, Poland implemented a bank tax paid by monetary financial institutions based on the assets of their balance sheets. Two years later, the same tax was proposed in Lithuania. Critics of the tax claimed that the tax burden in Poland shifted to customers by increasing the lending margin, and were this tax to be implemented in Lithuania, negative economic consequences would be likely. The aim of this paper is to estimate the potential impact of the bank tax on the lending margin in Lithuania by evaluating the case of Poland. Currently, research studies do not provide a definitive answer about the effects of bank taxation, mainly because various types of bank tax exist. Further research of the bank tax implemented in Poland could provide more information about the consequences of the bank tax applied to the assets of financial institutions. Also, a previous investigation of Poland’s bank tax was limited by a short time series. Currently, a more accurate analysis could be done by using data over a longer period of time. Following previous research, difference-in-differences estimation is used to evaluate the impact of the policy change and uses data from the period 2012 to 2020. The results of the analysis are significant and show that the bank tax had a positive impact on lending margins in Poland by an average value of 0.39%. The descriptive analysis of the Herfindahl index shows that the banking sector of Lithuania is highly concentrated, implying that the tax burden would be shifted to bank customers by increased lending margins. In this way, the banking sector in Poland managed to avoid paying the levy by shifting the burden onto consumers. The same outcome is to be expected in Lithuania. The findings of the paper suggest that Lithuania should consider alternative ways of taxation since increased lending rates could have a negative effect on the overall economy of the country.

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Special taxes in banking

Cited by 5 publications

References 0 publications

Digital infrastructure for sustainable development of Russian agriculture

Digital infrastructure for sustainable development of Russian agriculture

ESG-lending in the Russian economy

The Impact of Bank Tax on Lending Margin

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