Taxing Financial Transactions: Issues and Evidence

Thornton Matheson

No 2011/054, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; stamp duty; capital levy; cost of capital; bond market; delivery price (search for similar items in EconPapers)
Pages: 48
Date: 2011-03-01
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Citations: View citations in EconPapers (88)

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