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Finanztransaktionssteuer: Zielsetzungen und potenzielle Auswirkungen / Financial transaction tax: Objectives and potential effects

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  • Michler Albrecht F.
  • Penatzer Markus

Abstract

From an economic policy point of view the implementation of a financial transaction tax (FTT) is exceptionally attractive. Against the background of the present sovereign debt crisis the FTT promises absolutely necessary additional tax revenue and is supported - in contrast to other taxes - at the same time by the majority of the population. The FTT shall burden the financial sector and meets with it the supposed main causer of the financial and sovereign debt crisis. In addition, the FTT seems suitable to lower the transaction volumes on the financial markets which are responsible for high price volatilities and speculative bubbles and which endanger financial market stability all together.

Suggested Citation

  • Michler Albrecht F. & Penatzer Markus, 2012. "Finanztransaktionssteuer: Zielsetzungen und potenzielle Auswirkungen / Financial transaction tax: Objectives and potential effects," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 63(1), pages 85-108, January.
    • Handle: RePEc:bpj:ordojb:v:63:y:2012:i:1:p:85-108:n:9
    DOI: 10.1515/ordo-2012-0109
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    References listed on IDEAS

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