3 Pages Posted: 20 Dec 2011
Date Written: December 19, 2011
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: 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