Financial-Transaction Tax: Small Is Beautiful
AbstractBased on their contribution to the European Parliament Economic and Monetary Affairs Committee, in this Policy Contribution Resident Fellows Zsolt Darvas and Jakob von WeizsÃ¤cker discuss the merits of the much-discussed financial-transaction tax. They argue that the case for taxing financial transactions for the sake of not raising revenue is relatively weak, but a financial-transaction tax could be useful in limiting socially-undesirable transactions. On this basis, they say, a very small, coordinated tax on financial transactions could be implemented successfully. A revised version of this paper was also published in Society and Economy Volume 33, Number 3/December 2011
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Bibliographic InfoPaper provided by Bruegel in its series Policy Contributions with number 379.
Date of creation: Feb 2010
Date of revision:
Other versions of this item:
- Zsolt Darvas & Jakob von Weizsäcker, 2010. "Financial Transaction Tax: Small is Beautiful," Working Papers 1001, Department of Mathematical Economics and Economic Analysis, Corvinus University of Budapest, revised 31 Aug 2010.
- Zsolt Darvas & Jakob von Weizs„cker, 2010. "Financial Transaction Tax: Small is Beautiful," IEHAS Discussion Papers 1019, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
- H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
- D62 - Microeconomics - - Welfare Economics - - - Externalities
- G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
- F30 - International Economics - - International Finance - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-02-20 (All new papers)
- NEP-CBA-2010-02-20 (Central Banking)
- NEP-MAC-2010-02-20 (Macroeconomics)
- NEP-MON-2010-02-20 (Monetary Economics)
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