Taxing Financial Transactions: An Assessment of Administrative Feasibility

John Brondolo

No 2011/185, IMF Working Papers from International Monetary Fund

Abstract: This paper considers how a tax on financial transactions could be applied to three broad and partially overlapping categories of financial instruments: (1) exchange-traded instruments; (2) over-the-counter instruments; and, (3) foreign exchange instruments. For each category, the paper examines the factors that would facilitate or complicate the administration of a financial transactions tax, the options for collecting the tax, the types of compliance risks that are likely to be encountered, and measures for mitigating these risks.

Keywords: WP; tax agency; market participant; stamp tax; OTC transaction; transfer tax; financial transactions tax; tax administration; OTC transactions; forward contract; tax liability; Securities; Currencies; Transaction tax; Foreign exchange transactions; Global (search for similar items in EconPapers)
Pages: 51
Date: 2011-08-01
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Citations: View citations in EconPapers (8)

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