The Uneasy Case for a Financial Transaction Tax
July 1, 2015,
The Tax Policy Center has taken an in-depth look at the pros and cons of the levy. We’ve found that even a modest tax would raise a lot of money, and that it would be quite progressive. On the other hand, an FTT is no panacea. It could provoke lot of tax avoidance, despite the wishes of its backers, there is little evidence it would prevent the next financial crash.