Effect on Economy and Investors
A financial transaction tax could create market distortions that would reduce the efficiency of markets for all participants—including fund investors—by reducing market volumes, impairing liquidity, and distorting price discovery. Learn more about this and other effects of a financial transaction tax from ICI and other sources below.
ICI Opinion
Video
ICI Policy Video: The Trouble with Financial Transaction Taxes
ICI Policy Video The Trouble with Financial Transaction Taxes A financial transaction tax (FTT) is a...
Letters to the Editor & Responses
Financial Transaction Tax Costs
Your story “Elizabeth Warren Healthcare Plan Sparks Outcry over 401(k) Tax Hike” accurately exposes...
Opinions
“Wall Street Tax Act” Will Land on Main Street Investors
Last month, Senator Brian Schatz (D-HI) and Representative Peter DeFazio (D-OR) introduced the Wall...
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All Pain and No Gain for Fund Investors
The following is a letter submitted to the editor of the New York Times. A financial transaction tax...
Letter to the Editor, Washington Post: A Tax That Would Only Harm
Letter to the Editor: A Tax That Would Only Harm (As published in the Washington Post on June 10...
The Extraordinarily Extraterritorial Proposal to Tax Global Financial Transactions
The financial transaction tax (FTT) being considered by several European countries would have an...
Individual Investors Will Be Harmed by Financial Transaction Taxes
A fundamental tenet of the argument for a financial transaction taxes (FTTs) is that individuals...
In Case You Missed It: “Don't Enact Financial Transaction Taxes”
The Hill has just posted a commentary from ICI President and CEO Paul Schott Stevens in which he...
Other Opinions
- Beware of the Taxman, Institutional Investor
Jan 29, 2010
- Why Taxing Stock Trades Is a Really Bad Idea, Wall Street Journal
Jan 5, 2010
- A Transaction Tax Would Hurt All Investors, Wall Street Journal
Dec 8, 2009
- Transaction Tax and Stock Market Behavior: Evidence from an Emerging Market, Empirical Economics
Apr 5, 2006
- The Effects of the Stock Transaction Tax on the Stock Market—Experiences from Asian Markets, Pacific-Basin Finance Journal
Dec 1, 1998
- Securities Transaction Taxes: An Overview of Costs, Benefits, and Unresolved Questions, Financial Analysts Journal
Sep 1, 1993