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Taxing Financial Transactions; Issues and Evidence

  • Thornton Matheson
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    In reaction to the recent financial crisis, increased attention has recently been given to financial transaction taxes (FTTs) 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 FTT in fulfilling those tasks, on its potential impact, and on key issues to be faced in designing taxes of this kind.

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    Paper provided by International Monetary Fund in its series IMF Working Papers with number 11/54.

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    Length: 48
    Date of creation: 01 Mar 2011
    Date of revision:
    Handle: RePEc:imf:imfwpa:11/54
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