We will use more market-based means to manage (capital flows) and there are many tools that are under consideration, including a
Tobin tax," he said.
If the
Tobin tax undermines the group, this will cost the two countries much more than the tax can bring in, De Metz and De Boeck stressed.
But Labour bigwigs believe a
Tobin tax would be a vote winner.
The
Tobin Tax needs global agreement to work and the UK Government should be advocating it internationally.
CAMBRIDGE: European leaders are seriously considering a
Tobin tax, which would put a small levy on financial transactions, thereby dampening trading.
While there are plenty of ideas for sources of funding--including carbon credits, taxes on bunker and aviation fuels, and even a "Robin Hood" or
Tobin Tax on financial transactions--political will is sparse.
A small
Tobin tax on financial transactions can raise both raise funds and control speculation.
financial transactions, known as the
Tobin Tax, in an effort to regulate the
Finally, while many in the financial community have dismissed the
Tobin Tax as an ineffectual method for correcting some of the system's excesses, Andrew Sheng makes the argument that a globally applied
Tobin Tax, which has become regarded as a solution in the European Union since the book's publication, would produce a number of beneficial externalities for the global economy.
French leaders have proposed a version of the levy, known as a
Tobin Tax, since 2001.
I am on record at the TUC and Coventry Trades Council of supporting the
Tobin Tax, the Robin Hood Tax and collecting the pounds 120 billion the very rich owe the nation.
These are all sensible reform steps, with the possible exception of the
Tobin tax proposal.
