Taxing Financial Transactions: Issues and Evidence

March 1, 2011

Preview Citation

Format: Chicago

Thornton Matheson. Taxing Financial Transactions: Issues and Evidence, (USA: International Monetary Fund, 2011) accessed November 21, 2024

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

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.

Subject: Bonds, Securities, Stock markets, Stocks, Transaction tax

Keywords: Bond market, Capital levy, Cost of capital, Delivery price, Stamp duty, WP

Publication Details

Pages:

48
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2011/054
Stock No:

WPIEA2011054
ISBN:

9781455220984
ISSN:

1018-5941

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