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http://ssrn.com/abstract=1565991
 
 

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Financial Transactions Tax: Panacea, Threat, or Damp Squib?


Patrick Honohan


Central Bank of Ireland; Trinity College Dublin - Department of Economics; Trinity College (Dublin) - Institute for International Integration Studies (IIIS); Centre for Economic Policy Research (CEPR)

Sean K. Yoder


University of Maine

March 1, 2010

World Bank Policy Research Working Paper No. 5230

Abstract:     
Attempts to raise a significant percentage of gross domestic product in revenue from a broad-based financial transactions tax are likely to fail both by raising much less revenue than expected and by generating far-reaching changes in economic behavior. Although the side-effects would include a sizable restructuring of financial sector activity, this would not occur in ways corrective of the particular forms of financial overtrading that were most conspicuous in contributing to the crisis.

Number of Pages in PDF File: 37

Keywords: Debt Markets, Emerging Markets, Taxation & Subsidies, Banks & Banking Reform, Economic Theory & Research

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Date posted: March 8, 2010  

Suggested Citation

Honohan, Patrick and Yoder, Sean K., Financial Transactions Tax: Panacea, Threat, or Damp Squib? (March 1, 2010). World Bank Policy Research Working Paper Series, Vol. , pp. -, 2010. Available at SSRN: http://ssrn.com/abstract=1565991

Contact Information

Patrick Honohan (Contact Author)
Central Bank of Ireland ( email )
P.O. Box 559
Dame Street
Dublin, 2
Ireland
Trinity College Dublin - Department of Economics ( email )
Dublin 2
Ireland
Trinity College (Dublin) - Institute for International Integration Studies (IIIS)
The Sutherland Centre, Level 6, Arts Building
Trinity College
Dublin 2
Ireland
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
Sean K. Yoder
University of Maine ( email )
Orono, ME 04469
United States
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