Financial Transactions Tax Panacea, Threat, Or Damp Squib ?
Attempts to raise a significant percentage of gross domestic product in revenue from a broad-based financial transactions tax are likely to fail both by raising much less revenue than expected and by generating far-reaching changes in economic behavior. Although the side-effects would include a siza...
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| Format: | eBook |
| Language: | English |
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Washington, D.C
The World Bank
2010
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| Collection: | World Bank E-Library Archive - Collection details see MPG.ReNa |
| Summary: | Attempts to raise a significant percentage of gross domestic product in revenue from a broad-based financial transactions tax are likely to fail both by raising much less revenue than expected and by generating far-reaching changes in economic behavior. Although the side-effects would include a sizable restructuring of financial sector activity, this would not occur in ways corrective of the particular forms of financial overtrading that were most conspicuous in contributing to the crisis |
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| Physical Description: | 37 p |