Innovative Finance for Development: The Financial Transaction Tax’s Bumpy Road to Progress

Sarah Anderson ()

Development, 2016, vol. 59, issue 1, 66-70

Abstract: Abstract At rates of even a small fraction of a percent on trades of stocks, derivatives, and other financial instruments, financial transaction taxes have the potential to raise massive revenue for international development and other public purposes. But while such proposals have moved from the fringe into the centre of mainstream debate, negotiations to create new, broad-based FTTs have proceeded slowly in the face of industry opposition.

Keywords: Sustainable investment; Financial speculation; Wall Street (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1057/s41301-017-0078-9

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