Resumen de Statement of the financial economists roundtable, October 2013: : financial transaction taxes.

Larry Harris, Jay Ritter, Stephen Schaefer

• The article discusses taxes on financial transactions that have been proposed in several European Union countries as well as the U.S. The authors consider how economies benefit from financial transactions and costs associated with taxing them, along with unintended consequences of a financial-transactions tax including less liquid equity markets and higher capital costs for businesses. They believe governments should be very cautious about imposing such levies