=Securities Turnover Excise Tax=A "Securities Turnover Excise Tax" is a small tax on every stock, swap, derivative, or other trade.
History
In the US, it was used to successfully fund the
Re-instating the STET was briefly proposed in 1990, as a part of US deficit reduction measures [http://www.accessmylibrary.com/coms2/summary_0286-9222191_ITM] .
Notes
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