Securities Transaction Taxes.pdf

c6276.pdf
Preview of Securities Transaction Taxes
🔗 Source: nber.org
📊 Size: 411 KB
👤 Author: John Y. Campbell, Kenneth A. Froot
⬇️ Downloads: 76

Summary

Securities transaction taxes (STTs) have been debated in several countries, with some considering implementation or removal due to technological changes, deregulation, or revenue shortages. The US government has proposed a 0.5% tax on stock, bond, and derivative transactions, estimated to raise $10 billion in revenue. International experiences with STTs vary, with different tax rates, implementations, and effects on trading behavior. Some countries, like Sweden and the UK, have unique STT systems, with Sweden taxing domestic brokerage services and the UK taxing registration. Investors can respond to STTs by changing trading locations, using substitute securities, or reducing trading volume. Econometric evidence suggests that trading volume elasticity with respect to STTs varies, with some countries experiencing significant reductions in trading volume due to high tax rates.

Description

Securities transaction taxes (STTs) have been debated in several countries, with some considering implementation or removal due to technological changes,...

Technical Information

  • File Format: PDF
  • File Size: 411 KB
  • Pages: 33
  • Language: EN
  • Author: John Y. Campbell, Kenneth A. Froot
  • Total Downloads: 76
  • Last Updated: 1 week ago

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This PDF document about Securities Transaction Taxes provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Securities Transaction Taxes.

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