Financial Transaction Tax Content

Frequently Asked Questions on Financial Transaction Taxes General Questions on Financial Transaction Taxes 1. What is a financial transaction tax (FTT)? 2. What is ICI’s position on FTTs? 3. What benefits do proponents of an FTT expect? 4. How would the proponents of an FTT expect...

By Electronic Delivery August 28, 2020 Assemblyman John F. McKeon 221 Main Street Madison, NJ 07940 RE: OPPOSITION to Financial Transfer Tax Dear Assemblyman McKeon: The Investment Company Institute1—on behalf of shareholders in all funds, including mutual funds, that are registered...

ICI Policy Video The Trouble with Financial Transaction Taxes A financial transaction tax (FTT) is a tax on the sale and/or purchase of a security. Although supporters say this type of tax is small, ICI research shows otherwise. This short video looks at how an FTT would affect...

Your story “Elizabeth Warren Healthcare Plan Sparks Outcry over 401(k) Tax Hike” accurately exposes a financial transaction tax (FTT) as a burden on retirement and everyday savers. The article, however, only scratches the surface on the ways this tax would harm savers.

Last month, Senator Brian Schatz (D-HI) and Representative Peter DeFazio (D-OR) introduced the Wall Street Tax Act in the Senate and the House, respectively. The bill would level a tax of 10 basis points (or 0.1 percent) on the value of the securities transferred in financial...

By Electronic Delivery March 20, 2018 Douglas L. Poms Marjorie Rollinson International Tax Counsel Associate Chief Counsel (International) US Department of the Treasury Internal Revenue Service 1500 Pennsylvania Avenue, NW 1111 Constitution Avenue, NW Washington, DC 20220 Washington...