Funkcje podatku od transakcji finansowych w świetle rosnących potrzeb budżetowych
The functions of financial transaction tax under the growing needs of budget revenue

Summary/Abstract: The main aim of this article is to assess the functions of financial transaction tax. The purpose is also to answer the question whether the empirical analyses confirm the potential of this tax to achieve the reduction of speculations on financial markets. The analysis shows the assessment of the real possibilities of financing the growing budgetary needs related not only to the crisis, but also to sustainable development. The conclusions of the analysis indicate that the financial transaction tax - the new source of EU budget revenue is efficient. The efficiency of financial transaction tax proceed from high value of financial instruments trading on the stock exchanges of EU Member States. The financial transaction tax will fulfill its fiscal purpose but fails to achieve its steering function, namely to deter financial institutions from enacting risky business transactions and thus to prevent future crises and will not necessarily increase stability in the financial markets.

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