Taxing Financial Transactions is a Bad Idea

Bruce Bartlett


December 19, 2011

Tax Notes, Vol. 133, No. 12, 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.

Number of Pages in PDF File: 3

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

JEL Classification: H20, K34

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Date posted: December 20, 2011  

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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Bruce Bartlett (Contact Author)
Independent ( email )
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