IDEAS home Printed from https://ideas.repec.org/a/ebl/ecbull/eb-22-00407.html
   My bibliography  Save this article

Financial transaction taxes and expert advice

Author

Listed:
  • Michele Dell´Era

    (European Business School Paris)

Abstract

This note uses strategic communication to study the impact of a financial transaction tax on expert advice to traders. The central finding is that the tax worsens expert advice by strengthening experts' incentives to misreport information. Such negative tax impact is moderated by expert commissions and exacerbated by uncertainty. Expert advice thus emerges as a new channel through which the tax makes traders less informed. This result advances the debate on tax suitability beyond the conventional arguments.

Suggested Citation

  • Michele Dell´Era, 2022. "Financial transaction taxes and expert advice," Economics Bulletin, AccessEcon, vol. 42(4), pages 2024-2033.
    • Handle: RePEc:ebl:ecbull:eb-22-00407
    as

    Download full text from publisher

    File URL: http://www.accessecon.com/Pubs/EB/2022/Volume42/EB-22-V42-I4-P167.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Financial Transaction Tax; Expert Advice; Externality; Informational Efficiency; Tax Distortion; Expert Compensation;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ebl:ecbull:eb-22-00407. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: John P. Conley (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.