Abstract
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.
Disciplines
Banking and Finance | Comparative and Foreign Law | European Law | Taxation-Transnational | Tax Law
Date of this Version
6-2-2012
Recommended Citation
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.
http://law.bepress.com/unswwps-flrps12/21
Included in
Banking and Finance Commons, Comparative and Foreign Law Commons, European Law Commons, Taxation-Transnational Commons, Tax Law Commons
Comments
This article was published at Vol 47 No 2 Intereconomics: Review of European Economic Policy, March/April 2012, 99-103. This paper may also be referenced as [2012] UNSWLRS 21.