Regulating the financial industry through taxation: Consequences of the financial transaction tax
Fecha: 2020
Giulio Allevato and Antonio De Vito
Financial Tax
SEFO, Spanish and International Economic & Financial Outlook, V. 9 N.º 5 (septiembre 2020)
Advocates of a financial transaction tax (FTT) believe it could help curtail excessive risk and market volatility, despite the potential adverse consequences for both investors and financial markets. Recently, some EU Member States introduced their own FTTs, which could imply certain risks and drawbacks compared to an EU-level initiative.