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San Diego State University

Fowler College of
Business Administration

Intellectual Contribution

Title
On the current debate regarding the financial transaction tax
Author(s)
Kim, J., Yoo, S. S.
Type of Research
Peer-Reviewed Journal Articles
Date Published
2014, Before July
Contribution Type
Discipline-based scholarship (basic research)
Contribution Category
C
Points
6
Publisher
Corporate Finance Review
Volume(s)
18
Page Number(s)
5-15
Abstract
Currently, the European Union member states are engaged in a heated debate on coordinating their efforts toward implementing financial transaction taxes (FTTs). This paper compares the current status of FTTs in 23 nations and regions, reviews previous studies on the FTT or Tobin tax, and discusses various issues related to it. The authors believe that the FTT is likely to increase transaction costs and decrease liquidity in the market, resulting in an increase in the cost of capital.