Download This PaperTaxing Financial Transactions
4 Pages Posted: 21 Feb 2013
Date Written: February 15, 2013
Abstract
Should financial transactions be taxed? The European Commission seems to think so. Cheered on by many economists, it presents the tax as a means to raise revenue, curb speculation and increase financial stability. This column argues that a financial transaction tax will meet none of these goals. Financial stability will not improve, and net revenue may be negative.
Keywords: Financial regulation, stock markets, transaction taxes
JEL Classification: G18
Suggested Citation: Suggested Citation
Lensberg, Terje and Schenk-Hoppé, Klaus Reiner, Taxing Financial Transactions (February 15, 2013). Available at SSRN: https://ssrn.com/abstract=2221401 or http://dx.doi.org/10.2139/ssrn.2221401
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