Taxing Financial Transactions

4 Pages Posted: 21 Feb 2013

See all articles by Terje Lensberg

Terje Lensberg

Norwegian School of Economics (NHH) - Department of Finance

Klaus Reiner Schenk-Hoppé

The University of Manchester - Department of Economics

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

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

Terje Lensberg

Norwegian School of Economics (NHH) - Department of Finance ( email )

Helleveien 30
Bergen, N-5045
Norway
+47 5595 9206 (Phone)

Klaus Reiner Schenk-Hoppé (Contact Author)

The University of Manchester - Department of Economics ( email )

Arthur Lewis Building
Oxford Road
Manchester, M13 9PL
United Kingdom

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