FINANCIAL TRANSACTION TAX: THE BREXIT – AN OPPORTUNITY OR THREAT?

• Authors: Solilová Veronika , Nerudová Danuše , Litzman Marek
• Languages of publication: EN

Abstracts

EN

The European Union faces the biggest change in her history – Brexit. The United Kingdom is leaving the EU and therefore its integrated capital market. Never before in the history of the EU has a member state left the club, therefore the reactions of the internal market, economies of the rest EU member states, and financial markets are unpredictable. Since 2012, the Coalition of the willing would like to implement the financial transaction tax (FTT) but currently they pause before the question of how the Brexit will change the potential FTT revenues of the Coalition of the willing. Based on the research we can conclude that the Brexit will have a negative or positive impact on the potential FTT revenues with dependence on a relocation of financial markets outside of United Kingdom. Moreover, the FTT can be considered as a sustainability-oriented tax-based own resources for a reform of the EU budget.

Keywords

EN

FINANCIAL TRANSACTION TAX; BREXIT; COALITION OF THE WILLING; EU

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2019
• Volume: 67
• Issue: 3
• Pages: 223 – 244

Contributors

author

Solilová Veronika

• Mendel University in Brno, Faculty of Business and Economics, Department of Accounting and Taxation, Zemědelská 1, 613 00 Brno, Czech Republic

author

Nerudová Danuše

author

Litzman Marek