Although the FTT is connected to and understood as a Tobin tax
in most cases, several different tax instruments are generally referred to as "financial transaction taxes." Matheson (2011) defines a securities transaction tax (STT) as a tax on trades in all or certain types of securities (equity, debt and their derivatives).
The Chinese authorities are considering a "Tobin tax
" on financial transactions to deter speculative capital flows, said Guan Tao, head of the department of international payments at the State Administration of Foreign Exchange (SAFE).
French President Francois Hollande supported the so-called Tobin tax
in his presidential election campaign, but has seen his Finance Minister, Pierre Moscovici, break ranks on the issue.
A financial transactions tax, or "Tobin Tax
" throughout the EU, although set at a very low rate, would reduce risky speculation and the problems it causes and raise enough revenue to address issues such as youth unemployment.
(SeeNews) - May 10, 2013 - If the Tobin tax
on financial transaction is introduced in its currently proposed form, it would cost Belgian bank Dexia EUR 700 million (USD 910.6m), chairman Robert de Metz and CEO Karel De Boeck warned at a news conference.
A measured response to check market fluctuations would be to impose a Tobin Tax
on foreign exchange currency transactions.
Widely known as a Tobin tax
, after Nobel-prize winning U.S.
More than 15 countries now have a Financial Transaction Tax (FTT)--sometimes called a Robin Hood Tax or Tobin Tax
But what about the much-heralded "Tobin tax
", introduced on 1 August?
The duty, known as the Tobin tax
, would mean a charge on all financial deals.
Though the Tobin tax
was proposed to cover currency transactions, it is considered as more general concept related to different financial transactions (Palley, 2003).
Oxfam Scotland called on First Minister Alex Salmond to follow O'Brien's example and publicly support the Robin Hood tax, which is also known as the Tobin tax