Financial Transactions Taxes

Financial transactions taxes have recently gained attention as a possible means to influence the behavior of financial markets and to reduce destabilizing capital flows. One variation is a tax on all foreign currency conversions, often termed a “Tobin tax.” This paper suggests that these taxes would...

Full description

Bibliographic Details
Main Author: Stotsky, Janet
Other Authors: Shome, Parthasarathi
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1995
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02621nmm a2200601 u 4500
001 EB000926990
003 EBX01000000000000000720586
005 00000000000000.0
007 cr|||||||||||||||||||||
008 150128 ||| eng
020 |a 9781451849950 
100 1 |a Stotsky, Janet 
245 0 0 |a Financial Transactions Taxes  |c Janet Stotsky, Parthasarathi Shome 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1995 
300 |a 20 pages 
651 4 |a United States 
653 |a Government and the Monetary System 
653 |a Payment Systems 
653 |a Stock exchanges 
653 |a Financial transaction tax 
653 |a Transaction tax 
653 |a Finance 
653 |a Public finance & taxation 
653 |a Regimes 
653 |a Monetary economics 
653 |a Taxes 
653 |a Balance of payments 
653 |a Long-term Capital Movements 
653 |a Exports and Imports 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a International economics 
653 |a Money 
653 |a Capital flows 
653 |a Standards 
653 |a Business Taxes and Subsidies 
653 |a Financial markets 
653 |a Stock markets 
653 |a Currencies 
653 |a Monetary Systems 
653 |a Capital movements 
653 |a Taxation 
653 |a Personal Income and Other Nonbusiness Taxes and Subsidies 
653 |a Money and Monetary Policy 
653 |a Finance: General 
653 |a International Investment 
700 1 |a Shome, Parthasarathi 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9781451849950.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/1995/077/001.1995.issue-077-en.xml?cid=1353-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a Financial transactions taxes have recently gained attention as a possible means to influence the behavior of financial markets and to reduce destabilizing capital flows. One variation is a tax on all foreign currency conversions, often termed a “Tobin tax.” This paper suggests that these taxes would probably not produce the desired effects and would be difficult to design and implement. It is unclear that the possible advantages in reducing some short-term speculative trading would outweigh the possible disadvantages in impairing the efficiency of financial markets. From an administrative perspective, without a broad international consensus and application, these taxes are likely to be easily avoided