Financial transaction tax

financial transactions taxtax on financial transactionstransaction taxesCPMFeach specific type of financial transaction taxesfinancial transaction taxesfinancial-transactions taxSwiss transaction taxestax on excessive speculationtax transactions in the financial sector
A financial transaction tax is a levy on a specific type of financial transaction for a particular purpose.wikipedia
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Tax

taxationtaxeslevy
A financial transaction tax is a levy on a specific type of financial transaction for a particular purpose.
Some jurisdictions impose taxes on financial or capital transactions.

Currency transaction tax

In that context, James Tobin, influenced by the work of Keynes, suggested his more specific currency transaction tax for stabilizing currencies on a larger global scale.
The tax is associated with the financial sector and is a type of financial transaction tax, as opposed to a consumption tax paid by consumers, though the tax may be passed on by the financial institution to the customer.

European Union financial transaction tax

EU financial transaction taxFinancial Transaction Taxcommon tax on financial transactions
As a result, various new forms of financial transaction taxes were proposed, such as the EU financial transaction tax.
The European Union financial transaction tax (EU FTT) is a proposal made by the European Commission to introduce a financial transaction tax (FTT) within some of the member states of the European Union initially by 1 January 2014, later postponed to 1 January 2016, then to the middle of 2016 and then to September 2016.

Tobin tax

global taxTobinTobin-style taxes
In that context, Paul Bernd Spahn re-examined the Tobin tax, opposed its original form, and instead proposed his own version in 1995.
Accordingly, most debate on the issue has shifted towards a general financial transaction tax which would capture such proxies.

Bank tax

bank levyfinancial activities taxfinancial activities tax (FAT)
As such, this tax is neither a financial activities tax (FAT), nor a Financial stability contribution (FSC), or "bank tax", for example.
On May 20, 2010, German officials were understood to favour a financial transaction tax over a financial activities tax.

Transfer tax

property transfersShare transfersproperty transfer tax
The United States instituted a transfer tax on all sales or transfers of stock in The Revenue Act of 1914 (Act of 22 October 1914 (ch.
Financial transaction tax

Edgar L. Feige

In 1989, at the Buenos Aires meetings of the International Institute of Public Finance, University of Wisconsin-Madison Professor of Economics Edgar L. Feige proposed extending the tax reform ideas of John Maynard Keynes, James Tobin and Lawrence Summers, to their logical conclusion, namely to tax all transactions.
He has published widely on such topics as underground and shadow economies; tax evasion; transition economics; financial transaction taxes the Automated Payment Transaction tax (APT tax); and monetary theory and policy.

Stamp duty in the United Kingdom

stamp dutystamp duty land taxBoard of Stamps and Taxes
The year 1694 saw an early implementation of a financial transaction tax in the form of a stamp duty at the London Stock Exchange.
Financial transaction tax

Taxation in Colombia

financial transaction tax of 0.2%
In 1998 Colombia introduced a financial transaction tax of 0.2%, covering all financial transactions including banknotes, promissory notes, processing of payments by way of telegraphic transfer, EFTPOS, internet banking or other means, bank drafts and bank cheques, money on term deposit, overdrafts, installment loans, documentary and standby letters of credit, guarantees, performance bonds, securities underwriting commitments and other forms of off balance sheet exposures, safekeeping of documents and other items in safe deposit boxes, currency exchange, sale, distribution or brokerage, with or without advice, unit trusts and similar financial products.
;Financial transactions tax:

Paul Bernd Spahn

In that context, Paul Bernd Spahn re-examined the Tobin tax, opposed its original form, and instead proposed his own version in 1995.
Financial transaction tax

Financial transaction

transactiontransactionsfinancial transactions
A financial transaction tax is a levy on a specific type of financial transaction for a particular purpose. This clarification is important in discussions about using a financial transaction tax as a tool to selectively discourage excessive speculation without discouraging any other activity (as John Maynard Keynes originally envisioned it in 1936).
Financial transaction tax

Financial services

financial sectorfinance and insurancefinancial industry
The concept has been most commonly associated with the financial sector; it is not usually considered to include consumption taxes paid by consumers.

Consumption tax

consumptionconsumption taxesbroad-based consumption tax
The concept has been most commonly associated with the financial sector; it is not usually considered to include consumption taxes paid by consumers.

Speculation

speculatorland speculationspeculators
This clarification is important in discussions about using a financial transaction tax as a tool to selectively discourage excessive speculation without discouraging any other activity (as John Maynard Keynes originally envisioned it in 1936).

John Maynard Keynes

KeynesKeynesianKeynes, John Maynard
In 1989, at the Buenos Aires meetings of the International Institute of Public Finance, University of Wisconsin-Madison Professor of Economics Edgar L. Feige proposed extending the tax reform ideas of John Maynard Keynes, James Tobin and Lawrence Summers, to their logical conclusion, namely to tax all transactions. This clarification is important in discussions about using a financial transaction tax as a tool to selectively discourage excessive speculation without discouraging any other activity (as John Maynard Keynes originally envisioned it in 1936). In 1936, in the wake of the Great Depression, John Maynard Keynes advocated the wider use of financial transaction taxes.

London Stock Exchange

LSELondonStock Exchange
The year 1694 saw an early implementation of a financial transaction tax in the form of a stamp duty at the London Stock Exchange.

Great Depression

Depressionthe Great DepressionDepression-era
In 1936, in the wake of the Great Depression, John Maynard Keynes advocated the wider use of financial transaction taxes.

Wall Street

WallNew York financial districtWallStreet
He proposed the levying of a small transaction tax on dealings on Wall Street, in the United States, where he argued excessive speculation by uninformed financial traders increased volatility (see Keynes financial transaction tax below).

Volatility (finance)

volatilityvolatileprice volatility
He proposed the levying of a small transaction tax on dealings on Wall Street, in the United States, where he argued excessive speculation by uninformed financial traders increased volatility (see Keynes financial transaction tax below).

Bretton Woods system

Bretton WoodsBretton Woods AgreementBretton Woods institutions
In 1972 the Bretton Woods system for stabilizing currencies effectively came to an end.

James Tobin

J. TobinTobinTobin, James
In that context, James Tobin, influenced by the work of Keynes, suggested his more specific currency transaction tax for stabilizing currencies on a larger global scale. In 1989, at the Buenos Aires meetings of the International Institute of Public Finance, University of Wisconsin-Madison Professor of Economics Edgar L. Feige proposed extending the tax reform ideas of John Maynard Keynes, James Tobin and Lawrence Summers, to their logical conclusion, namely to tax all transactions.

International Institute of Public Finance

In 1989, at the Buenos Aires meetings of the International Institute of Public Finance, University of Wisconsin-Madison Professor of Economics Edgar L. Feige proposed extending the tax reform ideas of John Maynard Keynes, James Tobin and Lawrence Summers, to their logical conclusion, namely to tax all transactions.

University of Wisconsin–Madison

University of WisconsinWisconsinUniversity of Wisconsin-Madison
In 1989, at the Buenos Aires meetings of the International Institute of Public Finance, University of Wisconsin-Madison Professor of Economics Edgar L. Feige proposed extending the tax reform ideas of John Maynard Keynes, James Tobin and Lawrence Summers, to their logical conclusion, namely to tax all transactions.

Lawrence Summers

Larry SummersL. SummersLawrence H. Summers
In 1989, at the Buenos Aires meetings of the International Institute of Public Finance, University of Wisconsin-Madison Professor of Economics Edgar L. Feige proposed extending the tax reform ideas of John Maynard Keynes, James Tobin and Lawrence Summers, to their logical conclusion, namely to tax all transactions.

Automated Payment Transaction tax

automated payment transaction (APT) tax
Feige's Automated Payment Transaction tax (APT tax) proposed taxing the broadest possible tax base at the lowest possible tax rate.