Taxing Financial Transactions is a Bad Idea

3 Pages Posted: 20 Dec 2011  

Bruce Bartlett

Independent

Date Written: December 19, 2011

Abstract

There have been a number of proposals lately to impose a new tax on securities or financial transactions, both as a revenue measure and a way of disciplining Wall Street speculation. This article argues that such a tax would be a bad idea and that it makes more sense to tax financial activities rather than transactions.

Keywords: financial transactions tax, securities transactions tax, Tobin tax

JEL Classification: H20, K34

Suggested Citation

Bartlett, Bruce, Taxing Financial Transactions is a Bad Idea (December 19, 2011). Tax Notes, Vol. 133, No. 12, 2011. Available at SSRN: https://ssrn.com/abstract=1974600 or http://dx.doi.org/10.2139/ssrn.1974600

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