Taxing Financial Transactions: Issues and Evidence
March 1, 2011
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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.
Subject: Bonds, Securities, Stock markets, Stocks, Transaction tax
Keywords: bond market, capital levy, cost of capital, delivery price, stamp duty, WP
Pages:
48
Volume:
2011
DOI:
Issue:
054
Series:
Working Paper No. 2011/054
Stock No:
WPIEA2011054
ISBN:
9781455220984
ISSN:
1018-5941
