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.

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.)


  • 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.

Leave a Reply

Your email address will not be published. Required fields are marked *