ESTIMATION OF FINANCIAL TRANSACTION TAX REVENUES AS A NEW OWN RESOURCE OF EUROPEAN UNION BUDGET

• Authors: Nerudová Danuše , Veronika Dvořáková
• Languages of publication: EN

Abstracts

EN

The discussion about the possible taxation of the financial sector has started in the European Union as a result of the financial crisis. Taxes on financial transactions could be used as regulatory tools and also as the new own resource of public revenue. Nevertheless, it is a question, whether the financial transaction tax (hereinafter as FTT) can represent sufficient resource in order to fully replace GNI (Gross National Income) contribution of EU Member States into the EU budget. The aim of the paper is to estimate the value of FTT revenues as a new possible own resource of EU budget. The empirical results represent that the FTT revenues could be range between EUR 24.9 – 28.3 bn. for EU-11 per year.

Keywords

EN

EU BUDGET; TRANSACTION TAX; FTT REVENUES; GNI CONTRIBUTION; EUROPEAN UNION

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2014
• Volume: 62
• Issue: 9
• Pages: 945 – 958

Contributors

author

Nerudová Danuše

• Mendelova Univerzita v Brně, Zemědělská 1, 613 00 Brno, Czech Republic

author

Veronika Dvořáková