The attempts to raise a significant percentage of gross domestic product in revenue from a broad-based financial transactions tax are likely to fail both by raising much less revenue than expected and by generating far-reaching changes in economic behavior. They point out that, although the side effects would include a sizable restructuring of financial sector activity, this would not occur in ways corrective of the particular forms of financial overtrading...
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INFORMATION
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2011/02/01
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Article de revue
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77009
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1
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1
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2013/05/13
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Disclosed
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Financial transactions tax : panacea, threat, or damp squib
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committee on payment and settlement system
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