Gunter Grittmann
Head of Information and Communication
E-mail: grittmann@zew.de
Phone: +49 (0)621-1235-132
Fax: +49 (0)621-1235-255
Kathrin Böhmer
Public Relations Officer
E-mail: boehmer@zew.de
Phone: +49 (0)621-1235-103
Fax: +49 (0)621-1235-255
Prof. Dr. Michael Schröder, head of the Research Department "International Finance and Financial Management" at ZEW, comments on the introduction of a financial transaction tax which is currently under discussion: the introduction of a financial transaction tax (FTT) would reduce the volume of short-term trading activities at the capital markets involved and would lead to an increase of tax revenues. On the other hand, it would probably increase the price for corporate financing. A quick migration of financial transactions to trading centres which are not subject to the tax might be slowed down by the location principle proposed by the European Commission. read more