A financial transactions tax is exactly what it sounds like — a tax levied on each transaction an investor makes in the financial markets. The U.S. does not have a significant financial transaction ...

Billions of dollars to pay for government infrastructure and jobs programs would be taken out of stocks, bonds, and derivatives trades under a bill introduced by Rep. Keith Ellison (D-MN) and six ...

The debt ceiling crisis has again brought into focus the perennial gap between what the government spends and what it accumulates in taxes, and the virtual impossibility of closing that gap by ...

Wealthy investors know that tax increases are in their future. The Obama administration and the Democratic Congress have made it clear they will allow the Bush administration tax cuts for the top ...

As discussions about the federal budget abound, political pundits are wrongly seeking out new taxes. One misguided proposal is a U.S. financial transaction tax, which would likely apply to trading ...

This is the second part of a two-part article on damaging new taxes that some federal legislators are considering imposing on investors and entrepreneurs. Last month’s article discussed “carried ...

Capitol Hill Democrats introduced legislation today that would impose a tax on financial transactions in order to curb high-frequency trading and force Wall Street to contribute a bigger share to the ...

Governor J.B. Pritzker said he would veto any legislation to impose a financial transaction tax that could harm Chicago’s storied exchanges and cause them to leave the state. “Let me be clear, there ...

The so-called Tobin tax, named after economist James Tobin, is set to impose a levy of 0.1% on transactions in shares and bonds, and 0.01% on derivatives where at least one party to the transaction is ...