Distributional Effects of Taxing Financial Transactions and the Low Interest Rate Environment

31 Pages Posted: 4 Nov 2016 Last revised: 23 Nov 2018

See all articles by Dorothea Schaefer

Dorothea Schaefer

German Institute for Economic Research (DIW Berlin); JIBS

Date Written: October 1, 2016

Abstract

The study aims to assess the distributional effects of taxing financial transactions including a focus on gender. It specifically investigates the impact of the low interest rate environment on tax revenues and distribution. The first part of the study is explorative, aiming to develop a concept for the assessment. This is because the role of low or even negative interest rates is not yet specifically considered in the context of FTT. In the second part, the challenge is to find appropriate data for European countries in order to assess distributional effects. The study also highlights the existing data gaps that prevent a long-term evaluation of FTT with regard to tax revenues, impact, and distributional consequences.

Keywords: European Union, financial transactions, tax burden, social sustainability

JEL Classification: G20, H21, H22, H23

Suggested Citation

Schaefer, Dorothea, Distributional Effects of Taxing Financial Transactions and the Low Interest Rate Environment (October 1, 2016). DIW Berlin Discussion Paper, 1609, Available at SSRN: https://ssrn.com/abstract=2864303 or http://dx.doi.org/10.2139/ssrn.2864303

Dorothea Schaefer (Contact Author)

German Institute for Economic Research (DIW Berlin) ( email )

Mohrenstraße 58
Berlin, 10117
Germany
+49 30 8978 9162 (Phone)
+49 30 8978 9104 (Fax)

JIBS ( email )

Jönköping, 55111
Sweden

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