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来源类型 | External Publication |
规范类型 | 其他 |
Financial transaction tax: Small is beautiful | |
Zsolt Darvas; Jakob von Weizsäcker | |
发表日期 | 2012-01-09 |
出版年 | 2012 |
语种 | 英语 |
概述 | The case for taxing financial transactions merely to raise more revenues from the financial sector is not particularly strong. Better alternatives to tax the financial sector are likely to be available. However, a tax on financial transactions could be justified in order to limit socially undesirable transactions when more direct means of doing so are […] |
摘要 | The case for taxing financial transactions merely to raise more revenues from the financial sector is not particularly strong. Better alternatives to tax the financial sector are likely to be available. However, a tax on financial transactions could be justified in order to limit socially undesirable transactions when more direct means of doing so are unavailable for political or practical reasons. Some financial transactions are indeed likely to do more harm than good, especially when they contribute to the systemic risk of the financial system. However, such a financial transaction tax should be very small, much smaller than the negative externalities in question, because it is a blunt instrument that also drives out socially useful transactions. There is a case for taxing over-the-counter derivative transactions at a somewhat higher rate than exchange-based derivative transactions. More targeted remedies to drive out socially undesirable transactions should be sought in parallel, which would allow, after their implementation, to reduce or even phase out financial transaction taxes. This paper was published in Society and Economy Volume 33, Number 3/December 2011 A revised version of this paper was published as a Bruegel Policy Contribution in February 2010. Please see |
主题 | European Macroeconomics & Governance |
URL | https://bruegel.org/2012/01/financial-transaction-tax-small-is-beautiful/ |
来源智库 | Bruegel (Belgium) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/429341 |
推荐引用方式 GB/T 7714 | Zsolt Darvas,Jakob von Weizsäcker. Financial transaction tax: Small is beautiful. 2012. |
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