"The special interests in Brazil finally got rid of their Transaction Tax because -- are you ready -- it was so dependable and automated, they could not cheat and evade like with VAT and income tax."



We have just been sent, a new paper entitled A new tax technology: The Brazilian experience with a general bank transactions tax. This was a transaction tax that was killed off. Apparently:Indeed. This is an important element of transactions taxes, and the paper looks to be worth reading for those following the debates. Comments welcome.