Abstract:

In the context of the current global economic crisis, many countries face budget deficits and need
foreign financial help in order to finance them and maintain the national economic balance. Given the fact that financial system is responsible for the current crisis and in order to raise funds, governments could impose some more taxes in the financial field, such as taxes on bankers` bonuses, taxes on financial transactions in order to beat down speculation, taxes on the banks` assets or liabilities or higher taxes on banks` profits. Even though these taxes could bring important funds to the national budgets and have an important impact on the global financial system stability, they could also have high economic costs, by discouraging the economic growth process. This paper emphasizes the main global trends regarding the additional financial taxes and aims to analyze the benefits and the costs of such innovative public finance measures.