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

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  • Dorothea Schäfer

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.

Suggested Citation

  • Dorothea Schäfer, 2016. "Distributional Effects of Taxing Financial Transactions and the Low Interest Rate Environment," Discussion Papers of DIW Berlin 1609, DIW Berlin, German Institute for Economic Research.
    • Handle: RePEc:diw:diwwpp:dp1609
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    File URL: https://www.diw.de/documents/publikationen/73/diw_01.c.544940.de/dp1609.pdf
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    References listed on IDEAS

    as
    1. Dean Baker & Nicole Woo, 2015. "The Incidence of Financial Transactions Taxes," CEPR Reports and Issue Briefs 2015-25, Center for Economic and Policy Research (CEPR).
    2. Almenberg, Johan & Dreber, Anna, 2015. "Gender, stock market participation and financial literacy," Economics Letters, Elsevier, vol. 137(C), pages 140-142.
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    Cited by:

    1. Margit Schratzenstaller & Alexander Krenek, 2019. "Tax-based Own Resources to Finance the EU Budget. Potential Revenues, Summary Evaluation from a Sustainability Perspective, and Implementation Aspects," WIFO Working Papers 581, WIFO.

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    More about this item

    Keywords

    European Union; financial transactions; tax burden; social sustainability;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies

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