Financial Transactions Tax, RIP
Simon Zadek
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Posted 12.22.2011
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Canada Business
Read More:
Financial Transactions Tax,
Value Added Tax,
Imf,
Efficient Market Hypothesis,
Free Market,
European Commission,
Kenneth Rogoff,
Canada Business News
Messing around with markets, such as by introducing taxes, distorts them, makes them less efficient, and delivers poorer results. A financial transactions tax, following this logic, will constrain transactions that would otherwise optimize financial markets, increase volatility.
