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Transaction tax is favourable to bank tax according to WIFO

Published: May 17, 2010; 00:00 · (Vindobona)

According to WIFO (Institute of economic research Austria) a financial transaction tax (TT) is favourable to a bank tax (BT) on multiple grounds.

Transaction taxes depict much wider measuring means caused by the higher number of incidents or volume.

A bank tax on the other hand cannot confine short term speculative attacks. since it regulates holdings of financial instruments but not transactions with or through them.

Moreover a simple bank tax also affects real economic transactions such as real investments of…

This article includes a total of 195 words.

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