Cover IMF Working Papers
Taxing Financial Transactions: Issues and Evidence
Author: Ms. Thornton Matheson
Series:
IMF Working Papers
Volume/Issue:
Volume 2011: Issue 054
Language:
English
Publication Date:
01 Mar 2011
DOI:
https://doi.org/10.5089/9781455220984.001
ISBN:
9781455220984
ISSN:
1018-5941
Pages:
48
Keywords:
WP; stamp duty; capital levy; cost of capital; bond market; delivery price
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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In reaction to the recent financial crisis, increased attention has recently been given to financial transaction taxes (FTTs) as a means of (1) raising revenue for a variety of possible purposes and/or (2) helping to curb financial market excesses. This paper reviews existing theory and evidence on the efficacy of an FTT in fulfilling those tasks, on its potential impact, and on key issues to be faced in designing taxes of this kind.
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund