Responses to Criticisms of Taxes on Financial Speculation


Publication Date: January 2010

Publisher: Center for Economic and Policy Research

Author(s): Dean Baker

Research Area: Banking and finance

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.