Taxing Financial Transactions: An Assessment of Administrative Feasibility

Author/Editor:

John D Brondolo

Publication Date:

August 1, 2011

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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.

Series:

Working Paper No. 2011/185

Subject:

Currencies Financial institutions Financial instruments Foreign exchange Foreign exchange transactions Money Securities Taxes Transaction tax

English

Publication Date:

August 1, 2011

ISBN/ISSN:

9781462309276/1018-5941

Stock No:

WPIEA2011185

Pages:

51

Please address any questions about this title to publications@imf.org