CEPR - Center for Economic and Policy Research

Multimedia

En Español

Em Português

Other Languages

Home Publications Reports The Benefits of a Financial Transactions Tax

The Benefits of a Financial Transactions Tax

December 2008, Dean Baker

The recent economic turmoil has generated renewed interest in a financial transactions tax (FTT). While such a tax will be vigorously opposed by the financial industry, it offers a very attractive mechanism for raising revenue that is arguably efficiency-enhancing. Calculations based on 2000 trading volumes showed that a set of scaled transactions taxes, imposed on transfers of stock and other financial assets, could raise more than $100 billion a year, even assuming large reductions in trading volume.

Report - PDF pdf_small | Flash flash_small

See more about Financial Speculation Taxes (a.ka. Financial Transactions Taxes)

 

CEPR.net
donate_new
Combined Federal Campaign #79613