, putting special focus on the introduction of such a tax on a world-wide scale. For a number of reasons, international …This study presents in detail the concept of a financial transaction tax (FTT) and the theoretical and empirical … correct various market failures. We analyse the benefits and challenges of introducing a tax on financial transactions …

We investigate the positive and normative implications of a tax on financial market transactions in a dynamic general ….S. data and find an optimal tax rate of 2.5 percent. Imposing this tax reduces trading in financial markets by 30 percent. …

This paper attempts to address both theoretical and practical considerations for a tax such as financial transactions … financial markets is incomplete and imprecise, remains. However, globally, FTT remains a commonly used tax. A cross …

markets and to reduce destabilizing capital flows. One variation is a tax on all foreign currency conversions, often termed a … “Tobin tax.” This paper suggests that these taxes would probably not produce the desired effects and would be difficult to …, without a broad international consensus and application, these taxes are likely to be easily avoided …

In 2011, the European Commission presented its proposal for an EU financial transaction tax (FTT). This article … analyzes the recent developments as regards the approval of that EU FTT, and the main concerns that the proposed tax gives rise … to, considering in particular its characteristics as a proxy tax. The authors conclude that insofar as the EU FTT is a …

We explore issues related to a financial transaction tax (FTT) in the United States. We trace the history and current … practice of the tax in the United States and other countries, review evidence of its impact on financial markets, and explore … the key design issues any such tax must address. We present new revenue and distributional effects of a hypothetical …

We provide a novel justification for a financial transaction tax for economies, where agents face stochastic … consumption opportunities. A financial transaction tax makes it more costly for agents to readjust their portfolios of liquid and … find that the optimal financial transaction tax is 1.6 percent and that it reduces the volume of financial trading by 17 …

existing international tax regime, lasting solutions require either an improbably radical change in how the world is run or … now faces one such real problem with respect to reforming the existing international tax regime. This paper therefore also … suggests that the current attempts to reshape the international tax regime may in the end fall short. Even so, however, we …