US experience with futures transaction taxes

The transaction tax on futures reduced trading volume during the 1920s and 1930s but had no apparent effect on volatility or open interest. The relative magnitude of the tax was highest for intermediaries and appears to have substantially reduced intra‐day trading, but it did not dramatically affect...

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Bibliographische Detailangaben

Veröffentlicht in:	The journal of futures markets 2022-03, Vol.42 (3), p.413-427
1. Verfasser:	Mixon, Scott
Format:	Artikel
Sprache:	eng
Schlagworte:	Futures futures markets intermediaries Prices Tax rates Taxation Trading transaction tax
Online-Zugang:	Volltext
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