, 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 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 …

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 …

is pushing for reforms of the existing regulatory framework and has also proposed a Financial Transaction Tax. Until now … Tax pushed forward through the enhanced cooperation mechanism.This article analyses the interplay between the financial … market regulation, including the European Union's reform proposals, and the proposed Financial Transaction Tax. The authors …

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 …

Financial Transactions Tax (FTT) would not increase the amount of tax revenue collected by governments. In fact it would reduce … total tax revenue by shrinking the economy.Workers and consumers in general – not the banks – would carry the main economic … burden of the FTT. Wages would be lower because the tax would increase the cost of capital, thereby reducing growth in …