Financial Transactions Tax Won’t Meet Proponent Goals, Report Says

Financial Transactions Tax Won’t Meet Proponent Goals, Report Says

Center for Capital Markets Competitiveness

While a financial transactions tax may seem like a good way to raise revenue, the burden of the tax will fall on ordinary investors and even non-investors through its impact on jobs, pension funds, and borrowing costs, and the damage to the economy “will be large relative to the net amount of taxes collected,” a report from the Center for Capital Markets Competitiveness said.

While a financial transactions tax may seem like a good way to raise revenue, the burden of the tax will fall on ordinary investors and even non-investors through its impact on jobs, pension funds, and borrowing costs, and the damage to the economy “will be large relative to the net amount of taxes collected,” a report from the Center for Capital Markets Competitiveness said.

While a financial transactions tax may seem like a good way to raise revenue, the burden of the tax will fall on ordinary investors and even non-investors through its impact on jobs, pension funds, and borrowing costs, and the damage to the economy “will be large relative to the net amount of taxes collected,” a September report from the Center for Capital Markets Competitiveness said.

While a financial transactions tax may seem like a good way to raise revenue, the burden of the tax will fall on ordinary investors and even non-investors through its impact on jobs, pension funds, and borrowing costs, and the damage to the economy “will be large relative to the net amount of taxes collected,” a September report from the Center for Capital Markets Competitiveness said.