Burman study on financial transaction taxes published in National Tax Journal
Feb 29, 2016
Financial Transaction Taxes in Theory and Practice
Leonard E. Burman, William G. Gale, Sarah Gault, Bryan Kim, James R. Nunns & Steven M. Rosenthal
National Tax Journal, February 2016
In response to the financial market crisis and Great Recession, there has been a resurgence of interest in financial transaction taxes (FTTs) around the world. The authors estimate that a well-designed FTT could raise about $50 billion per year in the United States and would be quite progressive. They discuss the effects of an FTT on various dimensions of financial sector behavior and its ambiguous effects on economic efficiency.