A Brief Review of the Financial Transactions Tax

Proponents of the Financial Transactions Tax (FTT) argue that the average investor in individual stocks will not feel the impact of this kind of tax because such a small tax on a securities transaction is almost nothing for an individual investor. Proponents also argue that an FTT tax has the potential to raise billions in revenue, which they say could decrease market volatility by stabilizing market prices and eliminating the adverse effects felt by the market due to high frequency trading. This document was prepared by Tess K. Illos, Eric I. Robins, David E. Franasiak and Joel G. Oswald.

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