|Author (Person)||Whyte, Philip|
|Series Title||CER Bulletin|
|Series Details||No.82, February - March 2012|
|Publication Date||February 2012|
|Content Type||Journal | Series | Blog|
Ever since it was first mooted in the 1970s, a financial transactions tax (FTT) has often been thought of as an interesting idea that cannot work in practice (because it needs to be adopted universally if it is not to be undermined by tax arbitrage). In other words, the difficulty of implementing the FTT has often been an excuse for not taking a view on its underlying substance.
However, the terms of the debate have now shifted. Many EU countries want to adopt an FTT, whether others do or not. All of which raises two questions: what explains the political momentum behind an FTT; and is it a good rather than just interesting idea?
|Countries / Regions||Europe|