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Special Report on

Tobin tax time

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When the soon-to-be Nobel Laureate James Tobin first proposed his currency transaction tax (CTT) in 1972, he unleashed a movement which has taken many different tacks over the years, but whose time may have finally come. The “Tobin Tax” as it is known, is basically a tiny tax levied on all retail foreign currency transactions, worldwide. The idea is that a small tax of say, 0.1% would “throw some sand in the wheels” of the market, and help prevent the damage caused by speculative investors to vulnerable economies. Such a small rate of tax would not be a disincentive for long-term, though it might discourage some shorter-term, ...
into another. The tax is intended to put a penalty on short-term financial round-trip excursions into another currency. Tobin suggested his currency transaction tax in 1972 in his Janeway Lectures at Princeton, shortly after the Bretton Woods system of monetary management ended in 1971. 1 Prior to 1971, one of the chief features of the Bretton Woods system was an obligation for each country to adopt a monetary policy that maintained the exchange rate of its currency within a fixed value—plus or minus one percent—in terms of gold . Then, on August 15, 1971, United States President Richard Nixon announced that the United States dollar
REVIEWS AND OPINIONS
Tobin Tax Cut (To Pieces) By Paul Staines of Samizdata. An ...
Should a second-year law student know better than to get mixed up with domestic terrorists, get arrested and then risk violating the terms of his bail — especially since dad is a prominent federal lawyer? Find out the details in the "Junk Science" column at FOX News . I disagree witht the use of the phrase "get mixed up with", which implies that the student just happened to fall into bad company, that it isn't his fault and he doesn't bear full responsibility for his choices. Hey, he didn't end up in camoflage dancing around a ... market research, surveys and trends
Why is a stock exchange tax is no good | Fortune 500 Global
DÜSSELDORF. Economists can ever be uncomfortable. Harald Hau for example, makes no secret of how wrong he talk about ‘the evil doings in the financial markets "will find. expresses Professor of Finance at the Insead business school in Fontainebleau, France is somewhat academic in that he speaks of a "profound intellectual confusion". This confusion leads to ensure that Chancellor Angela Merkel (CDU) is also on the EU summit starting today is still one of the best global tax on financial transactions used to limit speculation. You will promote the fact that this so-called stock market tax and a levy bank in Europe’s ... market research, surveys and trends

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TOBIN TAX TIME

Taking Note: Tobin tax time
The panic that has gripped Democrats in Washington since their special-election ambush in Massachusetts last week has strengthened President Obama's apparent resolve to confront more boldly the country's economic challenges--lost jobs, ballooning deficits, and financial profiteering.  But Obama seems tethered to his Wall Street bodyguards of economic policy on the one initiative that could address all three with one blow -- an international financial transactions tax. Nobel Prize economist James Tobin first proposed a tax on international currency transactions at Princeton in 1972, with the aim of stabilizing ... industry trends, business articles and survey research
Scrap Book - Doco - Documentation - Media Snippets: TOBIN TAX ...
"The fact that an opinion has been widely held is no evidence whatever that it is not utterly absurd; indeed, in view of the silliness of the majority of mankind, a widespread belief is more likely to be foolish than sensible." Bertrand Russell, Marriage and Morals, p. 58 The elites in USA and Great Britain (Wall Street New York and London)will fight this tooth and nail. They rather have a nuclear war than the PEOPLE being able to have a record of their "transactions", i.e. criminal speculations and manipulations of the money system. Merkel said she will promote Tobin tax at G20 meeting in Toronto on 26-27th ... industry trends, business articles and survey research
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INFORMATION RESOURCES

Comment on 'Some Evidence that a Tobin Tax on Foreign Exchange ...
to diminish over time as a result. References. Aliber, R. Z., Chowdhury, B., and Yan, S. (2003) Some evidence that a Tobin tax on foreign exchange ... technology research, surveys study and trend statistics
of tax and equity
Jan 27, 2010 ... The present system is too complex, time consuming, .... This is not a “Tobin tax ”. Effectively the Tobin tax is the equivalent of stamp duty ... technology research, surveys study and trend statistics
On the Tobin Tax
the copies of a book on the Tobin Tax, edited by some UN officials, which had just been ..... However, a transaction tax can reduce the time horizon at ...
REAL TIME
TOBIN TAX TIME
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QUESTIONS AND ANSWERS
“Once a Speculator, always a Speculator.” Do you subscribe to this ...
To put it with famous hedge fund manager Victor Niederhoffer, "I invest, you speculate, they gamble". "Speculator" is not a technical definition but, rather, it is rooted in the popular psyche to indicate (or fingerpoint?) somebody who operates to earn a profit in the short term. While marginally better, "trader" is a definition that is still far lower in people's preferences than "investor", the latter having the reputation of having a longer time horizon and providing some service to the "real".Having said this, three points need to be clear: 1) There is no hard and fast rule (in terms of instruments traded or investment ...
What happens if you forget to file taxes? - Yahoo! Answers
Allright, I'm guilty of this. I filed an extension in April and pre-paid the amount that I thought would be due. After that we moved and got really busy and I totally forgot about the Oct. 15 deadline to file my taxes. Now I'm afraid to even look at how I'm going to be penalized for this. Anyone know what the penalties are? I think I've already paid all the taxes I owe, but haven't filed a return. in 2005 i filed my 2002 taxes. i forgot to do them. they owed me $55.00 dollars i talked to the IRS on the phone they sent me the proper forms. not a problem. There are currently no ...