The Impact of the French Securities Transaction Tax on Market
... more volatile? Although the idea to tax financial transactions dates to Keynes (1936) and Tobin (1978), it has received a renewed attention of policy leaders as a result of the global financial crisis. The idea appears to be particularly popular in Europe. In June 2011, the European Commission propo ...
... more volatile? Although the idea to tax financial transactions dates to Keynes (1936) and Tobin (1978), it has received a renewed attention of policy leaders as a result of the global financial crisis. The idea appears to be particularly popular in Europe. In June 2011, the European Commission propo ...
Market vs. Residence Principle
... volatility, while in markets with market makers – and therefore constant liquidity – an unilaterally imposed FTT even decreases volatility. Hence, again there is no consensus on the consequences of a FTT of the market principle-type on price volatility and market efficiency in the academic literature. ...
... volatility, while in markets with market makers – and therefore constant liquidity – an unilaterally imposed FTT even decreases volatility. Hence, again there is no consensus on the consequences of a FTT of the market principle-type on price volatility and market efficiency in the academic literature. ...
Financial Transaction Tax and Financial Market Stability with
... pectations requires the households to know the true probabilities in the economy while in an economy with rational beliefs households only know the empirical distribution. If the households also believe that the economy is not stationary, then households’ beliefs might not converge. Hence, househol ...
... pectations requires the households to know the true probabilities in the economy while in an economy with rational beliefs households only know the empirical distribution. If the households also believe that the economy is not stationary, then households’ beliefs might not converge. Hence, househol ...
Tax Revenue - ETH Zürich
... CASE STUDY: The Laffer Curve and Supply-side Economics • The Laffer curve depicts the relationship between tax rates and tax revenue. • Supply-side economics refers to the views of Reagan and Laffer who proposed that a tax cut would induce more people to work and thereby have the potential to incre ...
... CASE STUDY: The Laffer Curve and Supply-side Economics • The Laffer curve depicts the relationship between tax rates and tax revenue. • Supply-side economics refers to the views of Reagan and Laffer who proposed that a tax cut would induce more people to work and thereby have the potential to incre ...
GST and financial services
... New Zealand introduced GST on 1st October 1986 with very limited exemptions Financial services were exempt (no input tax, no output tax) because: – interest is time value of money – it is not consumed – value of the “service” and interest are highly substitutable, making full taxation problematic ...
... New Zealand introduced GST on 1st October 1986 with very limited exemptions Financial services were exempt (no input tax, no output tax) because: – interest is time value of money – it is not consumed – value of the “service” and interest are highly substitutable, making full taxation problematic ...
The Time to Act is Now
... In fact around $23 billion is currently being raised annually by just 7 countries through FTTs. Almost half of this revenue is raised by the UK and South Korea, which both have a 0.5% tax on share transactions. At present there is a random patchwork of FTTs, some large, many very small. For example ...
... In fact around $23 billion is currently being raised annually by just 7 countries through FTTs. Almost half of this revenue is raised by the UK and South Korea, which both have a 0.5% tax on share transactions. At present there is a random patchwork of FTTs, some large, many very small. For example ...
RDA-Tax-Planning-Age..
... Jim Doyle ACMA, QFA, CGMA- Senior Partner Jim has more than 20 years of experience supporting and advising business owners on all aspects of their business. Whether it be money saving tax strategies, tactics for increasing profits, negotiating deals with banks, business re-structuring or investment ...
... Jim Doyle ACMA, QFA, CGMA- Senior Partner Jim has more than 20 years of experience supporting and advising business owners on all aspects of their business. Whether it be money saving tax strategies, tactics for increasing profits, negotiating deals with banks, business re-structuring or investment ...
What Would Happen if Bernie Sanders Taxed Wall Street?
... high-frequency trading, and make markets safer and less volatile. Its opponents say the revenue estimates are overstated and the tax will actually make markets more volatile. Mr. Sanders wants to use funds raised by this tax to pay for his college-education agenda, which includes making public colle ...
... high-frequency trading, and make markets safer and less volatile. Its opponents say the revenue estimates are overstated and the tax will actually make markets more volatile. Mr. Sanders wants to use funds raised by this tax to pay for his college-education agenda, which includes making public colle ...
Where we are at
... 2) Stability – the FTT will ‘throw sand in the wheels’ of financial trading. This will benefit more traditional ‘buy and hold’ strategies of investment and mitigate against the ‘get-richquick’ casino approach – particularly reducing the destabilising practice of High Frequency Trading. The FTT is vi ...
... 2) Stability – the FTT will ‘throw sand in the wheels’ of financial trading. This will benefit more traditional ‘buy and hold’ strategies of investment and mitigate against the ‘get-richquick’ casino approach – particularly reducing the destabilising practice of High Frequency Trading. The FTT is vi ...
New financial instruments for global challenges
... low end and gradually raise the rate while observing its impact. A Tobin Tax makes all currency transactions more expensive, whether they be for productive investment over a ten year period or speculation within the course of a day. However, the clever thing about a CTT is that the additional cost o ...
... low end and gradually raise the rate while observing its impact. A Tobin Tax makes all currency transactions more expensive, whether they be for productive investment over a ten year period or speculation within the course of a day. However, the clever thing about a CTT is that the additional cost o ...