Studies / Reports / Fact Sheets

The Hidden Costs of a Financial Transaction Tax: Estimated Impact on Pension Funds

The following is an analysis of the projected economic impact that The Inclusive Prosperity Act of 2017’s financial transaction tax (“FTT”) would have on the savings community, with a particular emphasis on the excessive costs that would be borne by public pension funds that include:

By way of background, the pension fund information utilized in this analysis was based on information available in publicly disclosed reports and yielded through Freedom of Information Act requests for data. It is noted that the turnover information is based on these public summaries, disclosure of aggregate summaries that are partially useful (breakdown by asset class is required), disclosures of categorical summaries; and, when available, detailed full transaction information.

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