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Transaction taxes and the behavior of the Swedish stock market

โœ Scribed by Steven R. Umlauf


Book ID
113312155
Publisher
Elsevier Science
Year
1993
Tongue
English
Weight
867 KB
Volume
33
Category
Article
ISSN
0304-405X

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โœ Robin K. Chou; George H. K. Wang ๐Ÿ“‚ Article ๐Ÿ“… 2006 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 210 KB

## Abstract On May 1, 2000, the Taiwan government reduced the tax levied on futures transactions on the Taiwan Futures Exchange from 5 to 2.5 basis points. This event provides a unique opportunity to test empirically the impact of a tax rate reduction on trading volume, bidโ€ask spreads, and price