liquidity edit In 2011 the IMF published a study paper, which argues that a securities transaction tax (STT) "reduces trading volume, it may decrease liquidity or, equivalently, may increase the price impact of trades, which will tend to heighten price volatility". "The Volcker Rule Is in Better Shape That Some Think". 104 United States : The Center for Economic and Policy Research estimates a US FTT to raise 177 billion per year. "EU's Financial Transaction Tax is Feasible, and If Set Right, Desirable".
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Joseph Stiglitz, former Senior Vice President and Chief Economist of the World Bank affirmed the "technical feasibility" of the tax. 51 Italy edit Since, Italy levies financial transaction tax on qualified equity transactions of up.2 (0.22 in 2013) of the value of the trade. Security transaction tax calculation". 19 As the EU, European free trade and Euro came together, various financial transaction taxes were considered openly. Despite the low tax rate.5 on the purchase of shares, the UK managed to generate between.7 and.4 billion in revenues from stamp duties per year throughout the last decade. Reduced trading volumes also caused a reduction in capital gains tax revenue which entirely offset the transaction tax revenues. "Financial transaction tax: clearing the next hurdle". In total, this corresponds.8 in terms of GDP.