Financial Transaction Tax: The Impacts and Arguments – A Literature Review

Financial Transaction Tax: The Impacts and Arguments – A Literature Review

With continuing uncertainty over the potential plans for the introduction of a multi-jurisdictional financial transaction tax in Europe, PWC has compiled a literature review distilling the main points from a large body of literature that has been generated to date on the European Commission’s proposal for a harmonised FTT.

The report offers an impartial view and provides an indication of the expected impact of the FTT across the financial services sector, as well as the spill-over effects beyond the EU-11 states. It includes key arguments for and against the EC’s proposal and the experiences of the implementation of several historical and contemporary national FTTs. The report was commissioned by a group of 27 trade associations, financial market organisations and business groups.

The executive summary of the report synthesises the key findings of the literature review in order to serve as a briefing note for policymakers and senior officials, who are being sent the report to assist in their decision making processes as the debate on the introduction of the FTT continues.

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