Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/176272
Authors: 
Shome, Parthasarathi
Year of Publication: 
2011
Series/Report no.: 
Working Paper 254
Abstract: 
This paper attempts to address both theoretical and practical considerations for a tax such as financial transactions taxes (FTT). It includes examples of FTT in the wider context, for example, on stocks and derivatives, currency transactions, and tangible property. Most of the discussion centres on financial market issues to reflect the thrust of current discussion and debate. What is found is that assumptions and commensurate analysis about how financial markets function drive the final views and outcomes over FTT. A roadblock, that a clear understanding or explanation of the range of behaviours in financial markets is incomplete and imprecise, remains. However, globally, FTT remains a commonly used tax. A cross-country comparison is provided. It reveals, however, that FTT is often used as a temporary instrument.
Subjects: 
Capital Inflows
Derivatives
Economic Efficiency
Financial Assets
Fiscal Stimulus
Stock Market Transactions Costs
Taxes
Volatility
JEL: 
H25
G18
Document Type: 
Working Paper

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