The topic began to be debated in some countries whose governments had granted aid to financial institutions resident in their territory in order to prevent their bankruptcy and the consequent contagion effect on the rest of the sector and the real economy. The objective was to establish a temporary tax that would allow recovery of the cost that taxpayers had borne as a consequence of bank bailouts, thereby responding to public opinion demanding that losses incurred by the financial sector not be socialized.
The need to reduce the probability and cost of new financial crises, together with the high revenue potential that some experts attribute to the new taxes being analyzed, has led the debate to evolve toward other perspectives and raised the possibility of using collected funds for purposes other than the original one.
