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The Incidence of Financial Transactions Taxes

Author

Listed:
  • Dean Baker
  • Nicole Woo

Abstract

As financial transactions taxes (FTT) have moved to be part of the mainstream debate on tax policy, there has been increased attention to the incidence of such taxes. This is an important aspect to the debate, since the merits of the tax will depend to a substantial extent on who will end up bearing the burden.

Suggested Citation

  • 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).
    • Handle: RePEc:epo:papers:2015-25
    as

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    File URL: http://cepr.net/documents/ftt-incidence-2015-12.pdf
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    References listed on IDEAS

    as
    1. Thomas Philippon, 2015. "Has the US Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation," American Economic Review, American Economic Association, vol. 105(4), pages 1408-1438, April.
    2. Stephen Cecchetti & Enisse Kharroubi, 2012. "Reassessing the impact of finance on growth," BIS Working Papers 381, Bank for International Settlements.
    3. Ms. Thornton Matheson, 2011. "Taxing Financial Transactions: Issues and Evidence," IMF Working Papers 2011/054, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. 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.

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    More about this item

    Keywords

    financial transactions tax; incidence; wall street; stock market; elasticity;
    All these keywords.

    JEL classification:

    • G - Financial Economics
    • G2 - Financial Economics - - Financial Institutions and Services
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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