The Currency Transactions Tax
Feasibility, revenue estimates, and potential use of revenues
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Schmidt, Rodney; Bhushan, Aniket. 2011. The Currency Transactions Tax: Feasibility, revenue estimates, and potential use of revenues. New York.
The Currency Transactions Tax
Feasibility, revenue estimates, and potential use of revenues
Posted on: January 01, 2011
Re-visiting research begun a decade ago, we examine the design and implementation of a modern currency transaction tax, the original financial transaction or Tobin tax. We show how a feasible CTT can be collected, and we estimate CTT revenues and market impact based on alternative tax rates. We survey the potential uses for these new revenues, and propose allocation mechanisms. Finally, we estimate the new and additional resources that would likely become available for financing the provision of global public goods.