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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

Leonard Burman

Leonard Burman

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.