CEPR logo

Fact-based, data-driven research and analysis to advance democratic debate on vital issues shaping people’s lives.

Center for Economic and Policy Research
1611 Connecticut Ave. NW
Suite 400
Washington, DC 20009

Tel: 202-293-5380
Fax: 202-588-1356
https://cepr.net

Close

On This Page

July 2001, Dean Baker

This paper shows that any Currency Transactions Taxes (CTT) will be readily evaded by speculators acting in secondary markets, and that trading in secondary markets can easily move the spot market. It argues that to be effective, any CTT will have to be applied to a wide range of financial instruments.

Report pdf_small