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The viability of the introduction of Spahn tax in South Africa
Dissertation (MCom)--University of Pretoria, 2012.
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University of Pretoria
2013
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| _version_ | 1867613676697026560 |
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| access_status_str | Open Access |
| author2 | Du Preez, Hanneke |
| author_browse | Du Preez, Hanneke |
| author_facet | Du Preez, Hanneke |
| collection | Thesis |
| dc_rights_str_mv | © 2012 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MCom)--University of Pretoria, 2012. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/29016 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:39:56.368Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/29016 The viability of the introduction of Spahn tax in South Africa Du Preez, Hanneke clinton.madgwick@up.ac.za Madgwick, Clinton Dean Tobin tax Foreign currency volatility Spahn tax South african rand Foreign currency exchange UCTD Dissertation (MCom)--University of Pretoria, 2012. With respect to foreign currency exchange markets, most governments would favour a stable exchange rate over a volatile exchange rate. This is also true for South Africa where volatile movements in the South African Rand pose challenges to industries, businesses and Government alike. There are a multitude of factors that affect the volatility of the South African Rand. These factors are difficult to identify, manage individually and measure. There are several tools that are available to manipulate and control foreign exchange rates in an attempt to reduce volatility; one such tool is the currency transaction tax. Spahn tax is one such form of currency transaction tax. The precursor to Spahn tax is Tobin tax. As a result of many criticisms levelled against Tobin tax, Spahn expanded on this original idea and made a few modifications to address some of the concerns. Spahn focused on creating a two-tier tax base where transactions falling within a normal and reasonable trading range would be taxed at a nominal amount and transactions that fall outside of the band would be taxed at a higher punitive rate. The trading band, or range, would be adjustable though market dynamics on a daily basis using a moving average. No country has implemented Spahn tax yet. The implementation of such a tax would have strong revenue-generating potential. A modification of such a tax with only a punitive rate and a wide trading band could be considered for South Africa. However, in being prudent South Africa does not appear to be in a position to be the first country to implement Spahn tax. There are too many market risks associated with the introduction Spahn tax that cannot be ignored. Taxation unrestricted 2013-09-07T14:41:26Z 2013-04-26 2013-09-07T14:41:26Z 2013-04-18 2012 2012-10-24 Dissertation Madgwick, CD 2012, The viability of the introduction of Spahn tax in South Africa, MCom dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/29016 > C13/4/23/ag http://hdl.handle.net/2263/29016 http://upetd.up.ac.za/thesis/available/etd-10242012-144118/ © 2012 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | Tobin tax Foreign currency volatility Spahn tax South african rand Foreign currency exchange UCTD The viability of the introduction of Spahn tax in South Africa |
| title | The viability of the introduction of Spahn tax in South Africa |
| title_full | The viability of the introduction of Spahn tax in South Africa |
| title_fullStr | The viability of the introduction of Spahn tax in South Africa |
| title_full_unstemmed | The viability of the introduction of Spahn tax in South Africa |
| title_short | The viability of the introduction of Spahn tax in South Africa |
| title_sort | viability of the introduction of spahn tax in south africa |
| topic | Tobin tax Foreign currency volatility Spahn tax South african rand Foreign currency exchange UCTD |
| url | http://hdl.handle.net/2263/29016 http://upetd.up.ac.za/thesis/available/etd-10242012-144118/ |