A Financial Transactions Tax: The One Essential Reform

Intereconomics: Review of European Economic Policy, Vol. 47, No. 2, pp. 99-103, March/April 2012

UNSW Law Research Paper No. 2012-21

10 Pages Posted: 12 Jul 2012

See all articles by Ross P. Buckley

Ross P. Buckley

University of New South Wales (UNSW) - Faculty of Law

Date Written: June 2, 2012

Abstract

The financial markets have changed quite fundamentally in the last a few decades, yet the measures we use to regulate them have not really changed at all. The market patterns of high frequency trading, computer generated activity and short-termism are now well entrenched, and will be difficult to change. Of the various ways available to seek to encourage this change, the best, in my view, is a financial transactions tax (FTT). When one analyses most of what has been written of late about the EU’s proposed FTT one finds it to be riddled with myths, inaccuracies and untruths. This paper analyses seven most common myths of FTT.

Suggested Citation

Buckley, Ross P., A Financial Transactions Tax: The One Essential Reform (June 2, 2012). Intereconomics: Review of European Economic Policy, Vol. 47, No. 2, pp. 99-103, March/April 2012; UNSW Law Research Paper No. 2012-21. Available at SSRN: https://ssrn.com/abstract=2104015

Ross P. Buckley (Contact Author)

University of New South Wales (UNSW) - Faculty of Law ( email )

Sydney, New South Wales 2052
Australia

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