Financial Transactions
Since the late 1970s, GDP has increased fifteen-fold globally, stock market capitalization fifty-fold, and stock transaction values over 300-fold.
Today, 30 countries apply a financial transaction tax (FTT) on share trading, generating around $17 billion annually. According to research commissioned by the Task Force, expanding existing FTTs could generate an additional $87 billion per year.
These figures underscore the potential of a low-rate tax on financial transactions to generate substantial revenue.
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