Financial Transaction Tax Content

Frequently Asked Questions on Financial Transaction Taxes General Questions on Financial Transaction Taxes 1. What is a financial transaction tax (FTT)? 2. What is ICI’s position on FTTs? 3. What benefits do proponents of an FTT expect? 4. How would the proponents of an FTT expect...

ICI Policy Video The Trouble with Financial Transaction Taxes A financial transaction tax (FTT) is a tax on the sale and/or purchase of a security. Although supporters say this type of tax is small, ICI research shows otherwise. This short video looks at how an FTT would affect...

Financial Transaction Tax Costs By Paul Schott Stevens (As published in InvestmentNews , November 11, 2019) Dear editor, Your story “Elizabeth Warren Healthcare Plan Sparks Outcry over 401(k) Tax Hike” accurately exposes a financial transaction tax (FTT) as a burden on retirement and...

“Wall Street Tax Act” Will Land on Main Street Investors By Paul Schott Stevens (As published in InvestmentNews , April 11, 2019) Last month, Senator Brian Schatz (D-HI) and Representative Peter DeFazio (D-OR) introduced the Wall Street Tax Act in the Senate and the House...

Letter to the Editor: A Tax That Would Only Harm (As published in the Washington Post on June 10, 2015) Harold Meyerson was correct when he said in his June 5 op-ed column, “ A Sister Souljah moment,” that the idea of a financial transaction tax is nothing new. But he was wrong to...