RHT Policy Library

Impact Assessment of the EU-FTT: Summary

European Commission, 2013


FTT: Non-technical answers to some questions on core features and potential effects

European Commission, 2013

The Commission’s response to general questions about what the FTT is, who would be taxed, and the efficiency and effects of the tax.


Technical FAQs: How the FTT works in specific cases and other questions/answers

European Commission, 2013

This document refers to the functions and impacts of the Commission’s proposal of a Financial Transaction Tax.


No Exemptions: The Financial Transaction Tax and Pension Funds

Network for Sustainable Financial Markets, December 2012.

This report from leading financial experts explains why pension funds must not be exempt from the Financial Transaction Tax (FTT) which is set to be implemented across much of Europe in 2013. 


Feasibility of taxing derivatives trading

Rodney Schmidt, September 2012

A report from a leading expert on the Financial Transaction Tax (FTT) explains why (and how) applying an FTT to derivatives trading is more feasible today than ever before.


Be Outraged: There Are Alternatives

Stephany Griffith-Jones et al, May 2012

Be Outraged – there are alternatives! is a booklet written by an international group of economists and social scientists disheartened by the widespread austerity policies presently underway in Europe and elsewhere.


The Economic Consequences of the EU Proposal for a Financial Transaction Tax

Professor Avinash Persaud, March 2012

A new report by Professor Persaud Avinash of Intelligence Capital, and former head of Currency and Commodity Research at JP Morgan, systematically dismantles critics’ exaggerated visions of the effects of an FTT on the economy.


Financial Transactions Tax: Myth Busting

Hillman D and Ashford C, 2012

Stamp Out Poverty have created an extremely useful ‘FTT Myth-Busting’ paper which covers 12 common ‘myths’ concerning the impact of the FTT which continue to be peddled by our opponents. All of which can be shown to be false.


Financial Transaction Taxes

Stephany Griffith-Jones and Avinash Persaud, February 2012.

The introduction of a financial transaction tax in Europe could benefit the European economy and raise the level of growth, according to a new study written by two prominent economists, Professors Stephany Griffith-Jones and Avinash Persaud.


Climate Finance: a tool-kit for assessing climate mitigation and adaptation funding mechanisms

Stephen Spratt and Christina Ashford, 2011. Institute of Development Studies (IDS) and Stamp Out Poverty

Developed countries have committed to raising $100 billion a year to help finance climate mitigation and adaptation activities in developing countries. Where will this money come from?


Innovation with Impact: Financing 21st Century Development

The Gates Foundation, November 2011

In his report to the G20 in Cannes (November 2011) on new sources of finance for development Bill Gates, founder of Microsoft, shows his support for a Financial Transactions Tax (FTT).


Quid Pro Quo: Redressing the privileges of the banking industry

Prieg L, Greenham T and Ryan-Collins J – The New Economics Foundation 2011

According to this report banks enjoy an implicit subsidy from taxpayers; because they will be bailed out, if necessary, markets view lending to them as low risk. It estimates that in 2010 the ‘big five’ UK banks enjoyed a combined ‘too big to fail’ (TBTF) subsidy of £46 billion. Subsquently banks have come to occupy a unique and privileged economic position in relation to their customers and to other industries, enabling them to make excessive profits.


Taxing Financial Transactions, An Assessment of Administrative Feasibility

Brondolo J, 2011 – IMF Working Paper

This paper assesses the administrative feasibility of a tax on a broad range of financial instruments. It analyses the factors that facilitate or complicate the administration of an FTT.


Tax on Finanical Transactions: An Implementation Guide

Commissioned by UNITAID, September 2011

The Gates Foundation, November 2011According to this report banks enjoy an implicit subsidy from taxpayers; because they will be bailed out, if necessary, markets view lending to them as low risk.


Taxing Financial Transactions, Issues and Evidence

Matheson T, 2011 IMF Working Paper

In reaction to the recent financial crisis, increased attention has recently been given to financial transaction taxes (FTTs) as a means of raising revenue and helping to curb financial market excesses.


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