2004 mazda protege blue book7/31/2023 Wil introduce distortions into the marketplace as wel as raise the cost of capital for businesses seeking to finance investment. Opponents of the tax also general y offer a number of objections. On financial market volatility and speculation, and analyzes the revenue potential. This report briefly discusses the concept of an FTT in a historical and international context, summarizes recent FTT proposals, examines the tax’s effect While an FTT can come in many different forms, three justifications are commonly offered for imposing such a tax: (1) it would reduce financial market volatility by reducing speculation, (2) it would generate a significant amount of revenue, and (3) it would help pay for recent and future federal assistance to the institutions that are viewed by some as the source of the financial instability (a.k.a., “Wal Street”). Only certain types, such as those made by institutional traders but not individual investors. Similarly, an FTT can be applied to the transactions of al traders, or selectively to An FTT can be applied across the board to al financial transactions, or only those involving specific types of securities (for example, stocks, options, and futures, but S recently in response to the GameStop-related market volatility.1 At its most basic level, aįinancial transaction tax (FTT) is a tax imposed on the buyer or sel er of a security at the time a financial transaction occurs. Ince the financial crisis and the ensuing 2008-2009 Great Recession, the idea of imposing a tax on financial transactions has appeared somewhat frequently in policy debates, most R42078 Financial Transactions Taxes: In Brief Updated FebruCongressional Research Service
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