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Security transaction taxes: issues and evidence


  • Thornton Matheson



In reaction to the financial crisis, increased attention has recently been given to security transaction taxes (STTs) as a means of (1) raising revenue for a variety of possible purposes and/or (2) helping to curb financial market excesses. This paper reviews existing theory and evidence on the efficacy of an STT in fulfilling those tasks, on its potential impact, and on key issues to be faced in designing taxes of this kind. Copyright Springer Science+Business Media, LLC 2012

Suggested Citation

  • Thornton Matheson, 2012. "Security transaction taxes: issues and evidence," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 19(6), pages 884-912, December.
  • Handle: RePEc:kap:itaxpf:v:19:y:2012:i:6:p:884-912 DOI: 10.1007/s10797-012-9212-5

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    References listed on IDEAS

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    Cited by:

    1. repec:eee:finsta:v:31:y:2017:i:c:p:81-92 is not listed on IDEAS
    2. Lavička, H. & Lichard, T. & Novotný, J., 2016. "Sand in the wheels or wheels in the sand? Tobin taxes and market crashes," International Review of Financial Analysis, Elsevier, vol. 47(C), pages 328-342.
    3. repec:eee:dyncon:v:82:y:2017:i:c:p:44-66 is not listed on IDEAS
    4. repec:eee:finana:v:53:y:2017:i:c:p:12-24 is not listed on IDEAS
    5. Petkova, Kunka & Weichenrieder, Alfons, 2017. "Price and Quantity Effects of the German Real Estate Transfer Tax," Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168305, Verein für Socialpolitik / German Economic Association.
    6. Cappelletti, Giuseppe & Guazzarotti, Giovanni & Tommasino, Pietro, 2017. "The stock market effects of a securities transaction tax: Quasi-experimental evidence from Italy," Journal of Financial Stability, Elsevier, vol. 31(C), pages 81-92.
    7. Luc Eyraud, 2014. "Reforming Capital Taxation in Italy," IMF Working Papers 14/6, International Monetary Fund.

    More about this item


    Financial transaction tax; Tobin tax; H21; G18;

    JEL classification:

    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation


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