Taxing transactions in futures markets: Objectives and effects

  title={Taxing transactions in futures markets: Objectives and effects},
  author={Franklin R. Edwards},
  journal={Journal of Financial Services Research},
  • F. Edwards
  • Published 1993
  • Economics
  • Journal of Financial Services Research
In the last few years various legislative proposals have been made to impose a transaction or excise tax on securities and derivative market transactions. Although there have been considerable discussion and analysis of the wisdom of imposing such a tax on securities markets, there has been no analysis of the pros and cons of extending the tax to futures markets. This article attempts to fill this gap, first, by examining the various rationales advanced to support a tax on securities markets to… 

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