Financial Transaction Tax. Many other countries have financial transaction taxes, including the U. The concept has been most commonly associated with the financial sector; it is not usually considered to include consumption taxes paid by consumers.
What this report finds: A well-designed financial transaction tax (FTT)—a small levy placed on the sale of stocks, bonds, derivatives, and other investments—would be an efficient and progressive way. A financial transaction tax is a levy placed on a specific type of monetary transaction for a particular purpose. The tax on financial transactions would reduce taxable business and individual income.
A financial transactions tax levied against investment institutions has been an idea tossed around by lawmakers for years, but now the concept is gaining attention in international political media.
Financial Transaction Tax (FTT) Proposed FTT Stamp Duty.
A proposal for a financial-transactions tax (FTT) is now entrenched in the European Union, with proponents facing off against opponents. A financial transaction tax is a levy placed on a specific type of monetary transaction for a particular purpose. A financial transaction tax (FTT) has the potential to curb inequality, reduce market inefficiencies, and raise hundreds of billions of dollars in revenue over the next decade.