FINANCIAL TRANSACTION TAX

FINANCIAL TRANSACTION TAX

Summary

In modern era financial markets and institutions are attempting hard to solve two main issues in financial sector one is to reduce asset mispricing and other is to prepare for any expected financial crises in future. The concept of tax simply is to either increase government revenue or discourage to transact frequently or in other words reduce speculative noise trading. Financial Transaction Tax is a tax levied on equity, debt and other types of financial transaction the amount of tax is very minimal but depends upon the government and financial sector policies. It is a long debate ...