and Weaver, Security Transaction Taxes and Market Quality, Bank
of Canada Working Paper,
November ... effects.
Academic evidence suggests that financial transaction taxes result in wider
bid
offer spreads.
Pomeranets
and Weaver (2011) study New York State Security
Transaction Taxes on the NYSE and AMEX ... Changein tax
Source:
Pomeranets
and Weaver, Security Transaction Taxes and Market
Quality, Bank of Canada Working Paper, November 2011
Wider bid-offer spreads would result in higher transaction costs