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

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Nerudová D., Dvořáková V.

Ekonomický časopis (Journal of Economics)

2014

vol. 62

issue 9

945 – 958

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.

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1 Ekonomický časopis (Journal of Economics)

1 Dvořáková V.

1 Nerudová D.

1 2014

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