The revenue potential of a financial transaction tax for US financial markets

Pollin, Robert; Heintz, James; Herndon, Thomas

doi:10.1080/02692171.2018.1485634

Cited by 4 publications

(3 citation statements)

References 9 publications

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“…For example, a US$132 billion tax break for wealthy business owners was identified in the CARES Act, 3 and the decline in the corporate tax rate from 35 percent to 21 percent in the 2017 US Tax Cuts and Jobs Act (TCJA) lowering collected corporate tax revenue by a third (amounting to a decline of US$233 billion in 2018 and 2019 tax revenue, compared to what was projected before the TCJA). A US Financial Transaction Tax could raise US$220 billion per year (Pollin, Heintz, and Herndon 2018). In short, making funds available to invest in home healthcare is a matter of political will.…”

Section: Resultsmentioning

confidence: 99%

Public Investment in Home Healthcare in the United States During the COVID-19 Pandemic: A Win-Win Strategy

Palladino

2021

Feminist Economics

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Home healthcare-to the elderly and those with chronic health conditions-is growing in importance in the COVID-19 pandemic era. In the United States, public investment in home healthcare can be a win-win strategy for public health and economic security. Yet, home healthcare has remained chronically underpaid and neglected in the policy response to the COVID-19 crisis. This article examines the impacts of large-scale public investment in the home healthcare industry. It finds that such investment can stabilize employment for millions of low-income women and, through their renewed economic activity, create or stabilize employment in the sectors hardest hit by the pandemic and where low-income women are concentrated: non-home healthcare, food service, and retail. The study concludes it is crucial to push for robust investment in home healthcare as policymakers in the US consider major public support for a variety of industrial sectors.

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Section: Resultsmentioning

confidence: 99%

Public Investment in Home Healthcare in the United States During the COVID-19 Pandemic: A Win-Win Strategy

Palladino

2021

Feminist Economics

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“…The main keywords used in the articles published in the research area by country are "financial management", "financial transaction tax", "financial services", "blockchain", "financial market", "financial crisis", "money laundering", "globalization", "financial data processing", "investments", "network security", "risk assessment", "tax system", "Tobin tax", "bitcoin", "data mining", "biometric", "electronic money", "cryptography", "game theory", "mathematical models", "artificial intelligence", and "financial regulation". The main terms of the articles on financial transactions relate primarily to the risk of global financial operations, security of money laundering, current and future credit mechanisms, auditing, the management of financial resources and the position of liquidity, and financial assistance to low-income countries [34,124,125]. Figure 7 shows the evolution of each group of countries during the period analyzed, 1935-2019.…”

Section: Publications By Author Institution and Countrymentioning

confidence: 99%

Global Research Trends in Financial Transactions

Abad-Segura

González-Zamar

2020

Mathematics

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Traditionally, financial mathematics has been used to solve financial problems. With globalization, financial transactions require new analysis based on tools of probability, statistics, and economic theory. Global research trends in this topic during the period 1935–2019 have been analyzed. With this objective, a bibliometric methodology of 1486 articles from the Scopus database was applied. The obtained results offer data on the scientific activity of countries, institutions, authors, and institutions that promote this research topic. The results reveal an increasing trend, mainly in the last decade. The main subjects of knowledge are social sciences and economics, econometrics, and finance. The author with the most articles is Khare from the Indian Institute of Management Rohtak. The most prolific affiliation is the British University of Oxford. The country with the most academic publications and international collaborations is the United States. In addition, the most used keywords in articles are “financial management”, “financial transaction tax”, “banking”, “financial service”, “blockchain”, “decision making”, and “financial market”. The increase in publications in recent years at the international level confirms the growing trend in research on financial transactions.

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“…The transaction costs were based on the last surveys performed by Burman et al (2016), Collins (2016), Pollin, Heintz and Herndon (2016), Schӓfer (2015), Naess-Schmidt, Hansen and Ringsted (2014), the European Commission (2011g, 2013a,b) and others (for details, see Table 6 below). Elasticity is defined as the relative change in the transaction volume to a relative change in the tax rate.…”

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confidence: 99%