Commentary: Taxing transactions brings messy results

02/27/2013 | New York Times (tiered subscription model), The

A financial-transaction tax might look good on paper, but experience has shown that real-life implementation doesn't work so well, Ohio State University professor Steven Davidoff writes. For example, when Sweden tried it in 1984, much of its trading activity moved to the U.K. Davidoff recommends studying how Europe's effort pans out before the U.S. goes down that road.

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New York Times (tiered subscription model), The

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