Podatek transakcyjny jako instrument kontroli – zachowanie stabilności rynków finansowych w UE

• Authors: Wanda Pełka

Title variants

EN

Transaction Tax as a Control Instrument – Preserving the Stability of Financial Markets in the EU

• Languages of publication: PL

Abstracts

EN

The growing volume of international short-term capital transfers, which destructively affects the stability of financial markets, as well as high costs that the states had to cover to eliminate the effects of the crisis, are the reasons for which governments tend to blame financial institutions for generating risks and making markets unstable. Since the beginning of 2014, the financial transaction tax has been discussed and argued about in the European forum, and is ready to be introduced. The article presents the concept of the new tax instrument, to be applied in the European Union Member States. In order to discuss the importance of the tax, arguments for its implementation have been listed, as well as consequences of its application in the context of the stability of the European financial market.

Keywords

EN

short-term capital transfers; financial markets; transaction tax

• Publisher: Najwyższa Izba Kontroli
• Journal: Kontrola Państwowa
• Year: 2014
• Volume: 59
• Issue: 4(357)
• Pages: 115-130

Dates

published

2014-08

Contributors

author

Wanda Pełka

• Wyższa Szkoła Handlu i Finansów Międzynarodowych im. F. Skarbka w Warszawie

References

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• Umlauf S.R. 1993. “Transaction Taxes and the Behaviour of the Swedish Stock Market”. Journal of Financial Economics (33) 2: 227-240.
• Schulmeister S. 2011. Implementation of a General Financial Transactions Tax. Austrian Institute of Economic Research.
• Grabel I. 2003. Currency Transaction Taxes: A Brief Assessment of Opportunities and Limitations. Denver: University of Denver.

Identifiers

ISSN

0452-5027