This article is about a tax levied on transactions in the financial sector. For APT Tax--a small tax levied on each transaction in an economy, see Automated Payment Transaction tax.
Part of a series on
Taxation
An aspect of fiscal policy
Policies
Government revenue
Property tax equalization
Tax revenue
Non-tax revenue
Tax law
Tax bracket
Flat tax
Tax threshold
Exemption
Credit
Deduction
Tax shift
Tax cut
Tax holiday
Tax amnesty
Tax advantage
Tax incentive
Tax reform
Tax harmonization
Tax competition
Tax withholding
Double taxation
Representation
Unions
Medical savings account
Economics
General Theory
Price effect
Excess burden
Tax incidence
Laffer curve
Optimal tax
Theories
Optimal capital income taxation
Distribution of Tax
Tax rate
Flat
Progressive
Regressive
Proportional
Collection
Revenue service
Revenue stamp
Tax assessment
Taxable income
Tax lien
Tax refund
Tax shield
Tax residence
Tax preparation
Tax investigation
Tax shelter
Tax collector
Private tax collection
Tax farming
Noncompliance
General
Tax avoidance
Repatriation tax avoidance
Tax evasion
Tax resistance
Tax shelter
Debtors' prison
Smuggling
Black market
Unreported employment
Corporate
Tax inversion
Transfer mispricing
Base erosion and profit shifting (BEPS)
Double Irish
Dutch Sandwich
Single Malt
CAIA
Locations
Tax havens
Corporate havens
Offshore financial centres (OFCs)
Offshore magic circle
Conduit and sink OFCs
Financial centres
Financial Secrecy Index
Major examples
Ireland as a tax haven
Ireland v. Commission
Leprechaun economics
Liechtenstein tax affair
Luxembourg Leaks
Offshore Leaks
Paradise Papers
Panama Papers
Swiss Leaks
United States as a tax haven
Panama as a tax haven
Types
Direct
Indirect
Per unit
Ad valorem
Aviation
Airport improvement
Landing
Solidarity
Capital gains
Expatriation
Consumption
Departure
Hotel
Sales
Stamp
Television
Tourist
Value-added
Dividend
Environmental tax
Carbon
Landfill
Natural resources consumption
Severance
Steering
Stumpage
Excise
Alcohol
Cigarette
Fat
Meat
Sin
Sugary drink
Tobacco
General
Georgist
Gift
Gross receipts
Hypothecated
Income
Inheritance (estate)
Land value
Luxury
Payroll
Pigouvian
Property
Resource rent
Single
Surtax
Turnover
Use
User charge/fee
Congestion
Fuel
Road/GNSS
Toll
Vehicle miles traveled
Corporate profit
Excess profits
Windfall
Negative (income)
Wealth
International
Financial transaction tax
Currency transaction tax
European Union Common Consolidated Corporate Tax Base (CCCTB)
Global minimum corporate tax rate
Tobin tax
Spahn tax
Tax equalization
Tax treaty
Exchange of Information
Permanent establishment
Transfer pricing
European Union FTT
Foreign revenue rule
Trade
Custom
Duty
Tariff
Import
Export
Tariff war
Free trade
Free-trade zone
Trade agreement
ATA Carnet
Research
Academic
Mihir A. Desai
Dhammika Dharmapala
James R. Hines Jr.
Ronen Palan
Joel Slemrod
Gabriel Zucman
Advocacy groups
Institute on Taxation and Economic Policy (ITEP)
Oxfam (UK)
Tax Foundation (US)
Tax Justice Network (TJN)
Tax Policy Center (US)
Religious
Church tax
Eight per thousand
Teind
Tithe
Fiscus Judaicus
Leibzoll
Temple tax
Tolerance tax
Jizya
Kharaj
Khums
Nisab
Zakat
By country
All Countries
List of countries by tax rates
Tax revenue to GDP ratio
Tax rates in Europe
Individual Countries
Albania
Algeria
Argentina
Armenia
Australia
Azerbaijan
Bangladesh
Bhutan
Brazil
Bulgaria
BVI
Canada
China
Colombia
Croatia
Denmark
Finland
France
Germany
Greece
Hong Kong
Iceland
India
Indonesia
Iran
Ireland
Israel
Italy
Japan
Kazakhstan
Lithuania
Malta
Morocco
Namibia
Netherlands
New Zealand
Norway
Pakistan
Palestine
Peru
Philippines
Poland
Portugal
Russia
South Africa
Sri Lanka
Sweden
Switzerland
Taiwan
Tanzania
United Arab Emirates
United Kingdom
United States
Uruguay
Business portal
Money portal
v
t
e
A financial transaction tax (FTT) is a levy on a specific type of financial transaction for a particular purpose. The tax has been most commonly associated with the financial sector for transactions involving intangible property rather than real property. It is not usually considered to include consumption taxes paid by consumers.[1]
A transaction tax is levied on specific transactions designated as taxable rather than on any other attributes of financial institutions. If an institution is never a party to a taxable transaction, then no transaction tax will be levied from it.[2] If an institution carries out one such transaction, then it will be levied the tax for the one transaction. This tax is narrower in scope than a financial activities tax (FAT), and is not directly an industry or sector tax like a Financial stability contribution (FSC), or "bank tax",[3] for example. These distinctions are important in discussions about the utility of financial transaction tax as a tool to selectively discourage excessive speculation without discouraging any other activity (as John Maynard Keynes originally envisioned it in 1936).[4]
There are several types of financial transaction taxes. Each has its own purpose. Some have been implemented, while some are only proposals. Concepts are found in various organizations and regions around the world. Some are domestic and meant to be used within one nation; whereas some are multinational.[5] In 2011 there were 40 countries that made use of FTT, together raising $38 billion (€29bn).[6][7]
^With the exception, perhaps, of the bank transaction tax which taxes transactions on bank accounts and the Automated Payment Transaction tax which taxes all transactions.
^This illustration is attributed to the public lecture of economist Rodney Schmidt, Principal Researcher, The North-South Institute, 20 June 2010, at the "People's Summit", held at Ryerson University in Toronto, Ontario, Canada.
^The Canadian Press (24 June 2010). "Flaherty says global bank tax a distraction for G20". CTV news via The Canadian Press. Archived from the original on 31 October 2010. Retrieved 24 June 2010.
^Cite error: The named reference Spratt was invoked but never defined (see the help page).
^Richard T. Page, "Foolish Revenge or Shrewd Regulation? Financial-Industry Tax Law Reforms Proposed in the Wake of the Financial Crisis?" Archived 16 June 2016 at the Wayback Machine 85 Tul. L. Rev. 191, 193–195, 205–14 (2010).
^Cite error: The named reference European voice was invoked but never defined (see the help page).
^Stephany Griffith-Jones; Avinash Persaud (February 2012). Financial Transactions Taxes – a report produced for the Committee on Economic and Monetary Affairs (PDF) (Report). Archived (PDF) from the original on 3 July 2012. Retrieved 1 June 2012.
and 30 Related for: Financial transaction tax information
A financialtransactiontax (FTT) is a levy on a specific type of financialtransaction for a particular purpose. The tax has been most commonly associated...
them the European Union FinancialTransactionTax as well as the Robin Hood tax. Tobin suggested his currency transactiontax in 1972 in his Janeway Lectures...
European Union financialtransactiontax (EU FTT) is a proposal made by the European Commission to introduce a financialtransactiontax (FTT) within some...
The Robin Hood tax is a package of financialtransactiontaxes (FTT) proposed by a campaigning group of civil society non-governmental organizations (NGOs)...
A financialtransaction is an agreement, or communication, between a buyer and seller to exchange goods, services, or assets for payment. Any transaction...
currency transactiontax is a tax placed on the use of currency for various types of transactions. The tax is associated with the financial sector and...
Swedish financialtransactiontax was a 0.5% financialtransactiontax (FTT) applied to equity securities, fixed income securities and financial derivatives...
An ad valorem tax (Latin for "according to value") is a tax whose amount is based on the value of a transaction or of a property. It is typically imposed...
Securities TransactionTax (STT) is a tax payable in India on the value of securities (excluding commodities and currency) transacted through a recognized...
is to impose a financialtransactiontax. France introduced a financialtransactiontax in August 2012, and Hungary implemented a 1% tax on paid services...
tax or income tax is a tax imposed upon a person or property as distinct from a tax imposed upon a transaction, which is described as an indirect tax...
transactiontax. Since financial transactions account for the greatest component of the APT tax base, and since all financial transactions are taxed,...
practicality." A "bank tax" ("bank levy") differs from a financialtransactiontax in the following way: A financialtransactiontax is a tax on a specific type...
after paying 10% withholding tax on gains derived through share trading over the years on a transaction-by-transaction basis. This uncertainty has caused...
A Spahn tax is a type of currency transactiontax that is meant to be used for the purpose of controlling exchange-rate volatility. This idea was proposed...
official rates may be higher. In some older definitions, a tax haven also offers financial secrecy. However, while countries with high levels of secrecy...
Tax amnesty allows taxpayers to voluntarily disclose and pay tax owing in exchange for avoiding tax evasion penalties. It is a limited-time opportunity...
A church tax is a tax collected by the state from members of some religious denominations to provide financial support of churches, such as the salaries...
of tax burden to non-citizens or non-residents). The tourist industry typically campaigns against the taxes. It is separate from value-added tax and...
Proposals FairTax Flat tax Hall-Rabushka flat tax Land value tax OneTax 9–9–9 Plan Automated Payment Transactiontax Kepner Income Tax Related concepts...
should have the same tax result. To achieve this similar tax result, it can be necessary to look at the substance of the transaction rather than the formal...
Currency transactiontaxFinancialtransactiontax Inheritance tax Spahn tax Real estate transfer tax Stamp duty Stamp duty in the United Kingdom Tobin tax Turnover...
Currency transactiontax Day trading DeFazio financialtransactiontax Domain name speculation Equity (finance) European crime Fictitious capital Financial market...
The Financial Secrecy Index (FSI) is a report published by the advocacy organization Tax Justice Network (TJN) which ranks countries by financial secrecy...
European Public Prosecutor and is approved for the field of a financialtransactiontax. This is distinct from the EU opt-out, that is a form of cooperation...
alphabetically, with total tax revenue as a percentage of gross domestic product (GDP) for the listed countries. The tax percentage for each country...
A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases. "Regressive" describes a distribution...
Global Information
