Study – Financial Transaction Taxes in Theory and Practice

Study – Financial Transaction Taxes in Theory and Practice
Tax Policy Centers’ Leonard E. Burman, William G. Gale, Sarah Gault, Bryan Kim, James R. Nunns, Steven M. Rosenthal publish a research report exploring issues related to a financial transaction tax (FTT) in the United States.  They trace the history and current practice of the tax in the United States and other countries, review evidence of its impact on financial markets, and explore the key design issues any such tax must address. Ultimately the paper concludes that a FTT can most optimistically be considered a second-best solution.