Taxing Financial Transactions: Issues and Evidence

Author/Editor: Matheson, Thornton
Publication Date: March 01, 2011
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
Summary: In reaction to the recent financial crisis, increased attention has recently been given to financial transaction taxes (FTTs) as a means of (1) raising revenue for a variety of possible purposes and/or (2) helping to curb financial market excesses. This paper reviews existing theory and evidence on the efficacy of an FTT in fulfilling those tasks, on its potential impact, and on key issues to be faced in designing taxes of this kind.
Series: Working Paper No. 11/54
Subject(s): Cross country analysis | Economic models | Financial assets | Financial sector | Group of Twenty | Revenue measures | Securities markets | Stock markets | Tax rates | Taxation | Taxes

Author's Keyword(s): Financial transaction tax | Tobin tax
Publication Date: March 01, 2011
Format: Paper
Stock No: WPIEA2011054 Pages: 48
US$18.00 (Academic Rate:
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