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Responses to Criticisms of Taxes on Financial Speculation

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Publication Date: January 2010

Publisher(s): Center for Economic and Policy Research

Author(s): Dean Baker

Topic: Banking and finance (Taxation and tax policy)

Keywords: financial transactions

Type: Brief

Abstract:

Although the national debate on financial transactions taxes has just begun, there have been a wide range of responses arguing that the tax is either undesirable or unenforceable, or both. This paper presents a brief response to these criticisms.