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The Potential Revenue from Financial Transactions Taxes

Author

Listed:
  • Dean Baker
  • Robert Pollin
  • Travis McArthur
  • Matt Sherman

Abstract

This joint report by CEPR and the Political Economy Research Institute (University of Massachusetts, Amherst) gives an estimate of $177-354 billion in revenue that could be raised by taxing financial transactions in the United States.

Suggested Citation

  • Dean Baker & Robert Pollin & Travis McArthur & Matt Sherman, 2009. "The Potential Revenue from Financial Transactions Taxes," CEPR Reports and Issue Briefs 2009-50, Center for Economic and Policy Research (CEPR).
  • Handle: RePEc:epo:papers:2009-50
    as

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    File URL: http://www.cepr.net/documents/publications/ftt-revenue-2009-12.pdf
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    Citations

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    Cited by:

    1. Robert Pollin, 2010. "Austerity Is Not a Solution," Challenge, Taylor & Francis Journals, vol. 53(6), pages 6-36.
    2. Beachy, Ben, 2012. "A Financial Crisis Manual Causes, Consequences, and Lessons of the Financial Crisis," Working Papers 179105, Tufts University, Global Development and Environment Institute.
    3. Jeannette Wicks-Lim & Jeffrey Thompson, 2010. "Combining Minimum Wage and Earned Income Tax Credit Policies to Guarantee a Decent Living Standard to All U.S. Workers," Published Studies peri_mw_eitc_oct2010, Political Economy Research Institute, University of Massachusetts at Amherst.
    4. Neil McCulloch & Grazia Pacillo, 2010. "The Tobin Tax A Review of the Evidence," Working Paper Series 1611, Department of Economics, University of Sussex Business School.
    5. Dean Baker, 2017. "Financial Transactions Taxes: Potential Revenue and Economic Implications," Challenge, Taylor & Francis Journals, vol. 60(2), pages 141-170, March.
    6. Stephan Schulmeister, 2011. "Implementation of a General Financial Transactions Tax," WIFO Studies, WIFO, number 41992, April.
    7. Palley, Thomas., 2015. "Escaping stagnation and restoring shared prosperity : a macroeconomic policy framework for job-rich growth," ILO Working Papers 994874713402676, International Labour Organization.
    8. Dean Baker, 2015. "Working Paper: The Upward Redistribution of Income: Are Rents the Story?," CEPR Reports and Issue Briefs 2015-26, Center for Economic and Policy Research (CEPR).
    9. repec:ilo:ilowps:487471 is not listed on IDEAS
    10. Ben Beachy, 2012. "A Financial Crisis Manual Causes, Consequences, and Lessons of the Financial Crisis," GDAE Working Papers 12-06, GDAE, Tufts University.
    11. Leonce Ndikumana, 2014. "International Tax Cooperation and Implications of Globalization," CDP Background Papers 024, United Nations, Department of Economics and Social Affairs.
    12. Dean Baker, 2016. "The Upward Redistribution of Income," Review of Radical Political Economics, Union for Radical Political Economics, vol. 48(4), pages 529-543, December.

    More about this item

    Keywords

    financial taxes; financial transactions; economic crisis; financial crisis;
    All these keywords.

    JEL classification:

    • G - Financial Economics
    • G1 - Financial Economics - - General Financial Markets
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G2 - Financial Economics - - Financial Institutions and Services
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G3 - Financial Economics - - Corporate Finance and Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

    NEP fields

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