Paper on Financial Transactions Tax

Here is the link to a very good paper by Pierre Habbard of the Trade Union Advisory Committee to the OECD.

http://www.tuac.org/en/public/e-docs/00/00/06/7C/document_doc.phtml

The IMF appears to be consulting quite widely and with some sympathy to proponents of an FTT , so we may yet get a positive report to the G20, opening up a realistic possibility of agreement if  Obama can be persuaded to really take on Wall Street and side with the Europeans . (Yes, that is a big if.)

2 comments

  • This is excellent news. A transactions tax of some sort on the financial sector has many benefits, including limiting speculation and encouraging long-term investment in real enterprises, spreading the tax liability to include the financial sector, generating greater fiscal revenue.

  • That’s a very good paper and decently detailed survey of the practicalities of a financial transactions tax–and you are modest about your contributions to this.

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