国际金融危机背景下的金融交易税:从理论到实践

国际金融危机席卷全球之后,金融交易税重新受到高度关注,各国陆续提出了若干种实施方案。本文首先回顾了当前国际金融危机下的全球经济走势及各国提出金融交易税的宏观经济背景,其次阐述了金融交易税理论的内涵及效应,并结合国内外关于金融交易税的各类研究探讨交易税如何影响金融市场的有效性和稳定性。论文不仅比较了历史上各国征收金融交易税的经验及效果,而且估计了调整证券交易印花税对中国股市的实际影响。最后,分析了国际上开征金融交易税的可行性,并就中国金融交易税的方案提出政策建议。

Financial Transaction Tax in the Context of International Financial Crisis: Theory and Practice

After the international financial crisis sweeps the world,the financial transaction tax renew the attention of international society.Several large countries is putting forward their proposals to implement this kind of tax.This paper first reviews the current financial crisis,global economic trends,and the background of financial transactions tax.Then,it describes the definition and effect of financial transaction tax,combined with domestic and international researches on the effect of financial transaction tax on the effectiveness and stablization of financial markets.This paper not only compares the history of financial transaction tax levied across countries,and also estimate the effects of stock trading stamp on the volatility and liquidity of China’s stock market.Finally,we analyze the feasibility of the financial transactions tax and provide policy implication on China’s tax policy.