They can be truly radical - like the Tobin tax
- as well, as long as they are also credible and inspiring.
So when you are looking at things like a tax on bankers' bonuses, a tax on currency transactions - the so-called Tobin tax
- or looking at cracking down on tax avoidance or evasion, actually the EU is going far further than the British government is.
Called the Tobin tax
, the levy might be suspended indefinitely after a cabinet meeting in May in order to stimulate the economy, it is expected that the move would encourage foreign investors to re-enter the Italian market.
But it is also contemplating other macro-prudential instruments, such as a kind of Tobin tax
, the levy on financial transactions first suggested in 1972 by the Nobel laureate economist James Tobin, in order to discourage volatile capital flows.
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.
The initial rate of the forex levy - nicknamed the Tobin tax
after Nobel laureate James Tobin - may be kept at zero while authorities fine-tune the rules, according to sources familiar with the matter who spoke to (http://www.
Do you support the proposed Tobin tax
on financial transactions?
14), appears to share the views of some Middlesbrough councillors in referring to the Robin Hood Tax aka the Tobin Tax
A Tobin tax
imposes a small charge on individual currency transactions to discourage excessive speculation.
A Tobin tax
, even a small one, would have large effects on stock values.
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.
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.