Single tax, an old ideal in Brazil.

Globalization is eroding the efficiency of conventional taxes, such as value added taxes. At the same time, a new form of taxation, levied on bank transactions, was used in Brazil (1993-2007) and proved to be evasion-proof, more efficient and less costly than orthodox tax models.

The significant revenue-raising capacity of bank transactions taxation revived the centuries old ideal of the single tax.

The book of Marcos Cintra, a Brazilian that is a full-professor and vice-president of the Getulio Vargas Foundation in Brazil, just launched in USA, carries out a qualitative and quantitative in-depth comparison of the efficiency, equity and compliance costs of a bank transactions tax relative to orthodox tax systems, and opens new perspectives for the use of modern banking technology in tax reform across the world.

Take a look at the Book at Amazon website: Bank transactions: pathway to single tax ideal.