The Financial Transaction Tax Debate: Some Questionable Claims

Intereconomics, Vol. 47, No. 2, March/April 2012

Oxford Legal Studies Research Paper No. 20/2012

Posted: 18 Apr 2012

See all articles by John Vella

John Vella

Oxford University Centre for Business Taxation; University of Oxford - Faculty of Law

Date Written: March 22, 2012

Abstract

This article identifies and discusses some commonly made claims about the EU Commission's proposed FTT: (i) ordinary citizens and businesses will hardly be affected by the FTT, (ii) the proposed FTT is a “small tax”, (iii) the financial sector is under-taxed, (iv) high-frequency trading ought to be discouraged and (iv) the FTT addresses the causes of financial crises. It is argued that these claims are of questionable foundation.

Keywords: Financial Transaction Tax, FTT, Financial Crisis, High Frequency Trading, Financial Activities Tax, FAT

JEL Classification: K34, E62

Suggested Citation

Vella, John, The Financial Transaction Tax Debate: Some Questionable Claims (March 22, 2012). Intereconomics, Vol. 47, No. 2, March/April 2012, Oxford Legal Studies Research Paper No. 20/2012, Available at SSRN: https://ssrn.com/abstract=2042077

John Vella (Contact Author)

Oxford University Centre for Business Taxation ( email )

Saïd Business School
Park End Street
Oxford, OX1 1HP
United Kingdom

HOME PAGE: http://www.sbs.ox.ac.uk/community/people/john-vella

University of Oxford - Faculty of Law ( email )

Mansfield Road
Oxford, Oxfordshire OX1 4AU
United Kingdom

HOME PAGE: http://www.law.ox.ac.uk/profile/john.vella

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
1,103
PlumX Metrics