WDEV special: Subscribe now and get 4 weeks free >>> here
deutschsprachige Version

Our new website address:  
www.wdev.eu  

Home Mission Statement Subscriptions Sample Copies Services Blogs Background Links Archives

Volume 2015
Volume 2014
Volume 2013
Volume 2012
Volume 2011
Volume 2010
Volume 2009
Volume 2008
Volume 2007
Volume 2006
In-depth:
Special Reports
LOGIN
For subscribers only
Show memo
Show shopping cart
Proceed to check-out
Your account
Europe Global Environment & Development The New South From G8 to G20 The Development Agenda UN Reform Global Finance Doha Final The Euro-zone in Crisis Eastern Europe


The Tobin Tax Lives Again

Powerful message to the casino

Tobin tax-like proposals are back on the agenda. Latest example: France and Germany managed to get the financial transaction tax (FTT) proposal de facto into the Pittsburgh Declaration of the G20. The IMF is tasked to prepare a report on instruments to make the financial industry "a fair and substantial contribution toward paying for any burdens associated with government interventions to repair the banking system". Dani Rodrik comments the new momentum.

 

G20 in Pittsburgh


Something happened in late August that I never thought I would see in my lifetime. A leading policymaker in the Anglo-American empire of finance actually came out in support of a Tobin tax – a global tax on financial transactions. The official in question was Adair Turner, the head of the United Kingdom Financial Services Authority (FSA), the country’s chief financial regulator. Turner, voicing his concerns about the size of the financial sector and its frequently obscene levels of compensation, said he thought a global tax on financial transactions might help curb both ...

... this article comes up in
WDEV 5/Sep-Oct 2009 and is for subscribers only. For direct log in >>> click here. If you have no subscription >>> pick your option or >>>


... buy the article here >>>

       
Quantity:   item

Add to memo.



More on the subject:

>>> WDEV Dossier: The Global Crisis and the South










Towards Alternatives to IMF and World Bank / Development Aid and Low Tax Developing Countries

print

Top of page

Imprint General Terms and Conditions RSS Feeds Site Map