A General Financial Transaction Tax: A Short Cut of the Pros, the Cons and a Proposal

@article{Schulmeister2009AGF,
  title={A General Financial Transaction Tax: A Short Cut of the Pros, the Cons and a Proposal},
  author={Stephan Schulmeister},
  journal={European Finance eJournal},
  year={2009}
}
The idea of introducing a general financial transaction tax (FTT) has recently attracted rising attention. There are three reasons for this interest: First, the economic crisis was deepened by the instability of stock prices, exchange rates and commodity prices. This instability might be dampened by such a tax. Second, as a consequence of the crisis, the need for fiscal consolidation has tremendously increased. A FTT would provide governments with substantial revenues. Third, the dampening… 

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