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Making Wall Street Pay: The Pros and Cons of Financial Taxes

May 18, 2012
Tax Policy Center, Washington, DC

The global financial crisis drained government coffers and rocked public confidence around the world. Many leaders now believe taxes on financial transactions and/or financial activities could relieve these shortfalls and shore up the public’s faith in the workings of economies near and far. Some policymakers and observers want to coordinate these new taxes internationally to avoid the flight of financial markets. But can financial taxes raise substantial revenue? And who would bear the taxes: the financial sector or the small investor? Will these taxes reduce risky financial activities or impede healthy market operations? Experts such as Tax Analysts' Lee Sheppard will discuss these and other timely questions.

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