IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this book chapter

Economic Impact Assessment of Financial Transaction Tax

Listed author(s):
  • Malgorzata Twarowska

    (Maria Curie-Sklodowska University in Lublin, Poland)

  • Jolanta Szolno-Koguc

    (Maria Curie-Sklodowska University in Lublin, Poland)

Registered author(s):

    The last financial crisis, the role of financial institution in this process and the big scale of public aid to the financial institutions generate many ideas of introduction of new additional tax on financial institutions. There are proposals of financial transaction tax, financial activity tax and different bank taxes. The main ideas and assessment of financial transaction tax are presented in the article. The main subject of analysis are macroeconomic consequence of imposing special tax for financial institutions, the role of such tax for EU budget and stability of financial market. Although the FTT achieves its fiscal target to a certain degree, it clearly misses its main objective. It cannot deter the financial sector from entering into risky business transactions, nor can it prevent future banking crises. The FTT can even jeopardise the stability of the financial markets, as minimum tax rates encourage the leakage of financial transactions within the EU. It is questionable whether a taxation of banks seated in third countries is even admissible at all.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    File Function: full text
    Download Restriction: no

    File URL:
    File Function: Conference Programme
    Download Restriction: no

    in new window

    This chapter was published in: Malgorzata Twarowska & Jolanta Szolno-Koguc , , pages 1013-1019, 2013.
    This item is provided by ToKnowPress in its series Active Citizenship by Knowledge Management & Innovation: Proceedings of the Management, Knowledge and Learning International Conference 2013 with number 1013-1019.
    Handle: RePEc:tkp:mklp13:1013-1019
    Contact details of provider: Web page:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:tkp:mklp13:1013-1019. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alen Jezovnik)

    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.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.