Financial Transaction Taxes: International Experiences, Issues and Feasibility Anna Pomeranets, Financial Markets Department ƒƒ The financial transaction tax (FTT) is a policy idea with a long history that, in the wake of the global financial crisis, has attracted renewed interest in some quarters. ƒƒ Historically, there have been two motivating factors for the introduction of the tax. The first is its potential to raise substantial revenues, and the second is its perceived potential to discourage speculative trading and reduce volatility. ƒƒ There is, however, little empirical evidence that an FTT reduces ... (full story)