Miamala ya Kifedha

The financial transaction levy is based on the idea that by levying a large volume of transactions at a very low rate, significant revenue can be generated without negative effects on market functioning.

Since the late 1970s, globally, GDP has increased fifteen-fold, stock market capitalization fifty-fold, and the value of stock market transactions over 500-fold.

These figures underscore the appeal to implement a low-rate tax on financial transactions.