Taxing Financial Transactions

Terje Lensberg; Klaus Reiner Schenk-Hoppé

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SSRN Electronic Journal

Article . 2013 . Peer-reviewed

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https://dx.doi.org/10.2139/ssr...

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Taxing Financial Transactions

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Jan 2013 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Terje Lensberg; Klaus Reiner Schenk-Hoppé;

doi: 10.2139/ssrn.2221401

Taxing Financial Transactions

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Abstract

Should financial transactions be taxed? The European Commission seems to think so. Cheered on by many economists, it presents the tax as a means to raise revenue, curb speculation and increase financial stability. This column argues that a financial transaction tax will meet none of these goals. Financial stability will not improve, and net revenue may be negative.

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