The Financing Crisis and Tax Systems Crisis from a Financial Sociology Perspective Keywords

Leroy, Marc

The Financing Crisis and Tax Systems Crisis from a Financial Sociology Perspective Keywords - 2013.


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— The Financing Crisis and Tax Systems Crisis from a Financial Sociology Perspective Keywords — The increased tax burden and economic globalisation have lead major economic operators to flee taxes, sometimes with the help of legislators. The system thereby loses legitimacy and economic anomie sets in. National institutional controls are no longer sufficient, and this at a time when international monitoring or regulatory systems continue to be deficient, despite the ongoing search for new solutions. The theorem formulated by Schumpeter on the internal sustainability of the modern financial system seems to be increasingly under threat in many States. This raises the issue of the financial system’s political sustainability, particularly within a clearly democratic model.

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