The financial markets have changed quite fundamentally in the last a few decades, yet the measures we use to regulate them have not really changed at all. The market patterns of high frequency trading, computer generated activity and short-termism are now well entrenched, and will be difficult to change. Of the various ways available to seek to encourage this change, the best, in my view, is a financial transactions tax (FTT). When one analyses most of what has been written of late about the EU’s proposed FTT one finds it to be riddled with myths, inaccuracies and untruths. This paper analyses seven most common myths of FTT.
Banking and Finance | Comparative and Foreign Law | European Law | Taxation-Transnational | Tax Law
Date of this Version
Ross Buckley, "A Financial Transactions Tax: The One Essential Reform" (June 2012). University of New South Wales Faculty of Law Research Series 2012. Working Paper 21.