<p>Brookings Report Proposes Financial Transaction Tax</p>

Brookings Report Proposes Financial Transaction Tax

Brookings Institution

A financial transaction tax of 10 basis points on trading in stocks, bonds, and derivatives could raise $60 billion annually after it is fully phased in over four years, largely from high-income taxpayers, according to a January 28 report released by the Brookings Institution.

<p>A financial transaction tax of 10 basis points on trading in stocks, bonds, and derivatives could raise $60 billion annually after it is fully phased in over four years, largely from high-income taxpayers, according to a January 28 report released by the Brookings Institution.</p>