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Home Publications Reports Effective Currency Transactions Taxes: The Need to Tax Derivatives

Effective Currency Transactions Taxes: The Need to Tax Derivatives

July 2001, Dean Baker

This paper shows that any Currency Transactions Taxes (CTT) will be readily evaded by speculators acting in secondary markets, and that trading in secondary markets can easily move the spot market. It argues that to be effective, any CTT will have to be applied to a wide range of financial instruments.

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