A Flat Rate Financial Transaction Tax to replace all taxes?

Abstract : In this paper I propose a very radical reform of the taxation system, in which a single flat rate financial transaction tax (FTT) is used to replace the vast majority of existing taxes (including VAT, income tax, taxes on profits...). Existing economic data indicates that a flat rate FTT of 1% would generate far more revenue that is currently generated by all existing taxes, and would allow governments to rapidly repay debts and restore programs of public expenditure as well as allowing resources to be allocated to globally important challenges such as third world development, climate change and health issues.
Document type :
Preprints, Working Papers, ...
2010


https://hal.archives-ouvertes.fr/hal-00530144
Contributor : Simon Thorpe <>
Submitted on : Friday, October 29, 2010 - 12:55:51 PM
Last modification on : Friday, October 29, 2010 - 4:56:52 PM

File

A_flat_rate_FTTv3.pdf
fileSource_public_author

Identifiers

  • HAL Id : hal-00530144, version 3

Collections

Citation

Simon J Thorpe. A Flat Rate Financial Transaction Tax to replace all taxes?. 2010. <hal-00530144v3>

Export

Share

Metrics

Consultation de
la notice

635

Téléchargement du document

208