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Tag: The 2008 financial crisis

European Commission publishes Taxation Paper No 27 on ‘The Role of Housing Tax Provisions in the 2008 Financial Crisis’

Abstract:  The 2008 financial crisis is the worst economic crisis since the Great Depression of 1929. It has been characterised by a housing bubble in a context of rapid credit expansion, high risk-taking and exacerbated financial leverage, ending into deleveraging and credit crunch when...