Tobin Tax - Articles and news items

Tobin tax faces backlash from Euro area

Blog / 14 May 2013 / Tanuja Randery, MarketPrizm

On 14th February 2013, 11 Eurozone countries – Belgium, Germany, Estonia, Greece, Spain, France, Italy, Austria, Portugal, Slovenia and Slovakia – agreed to enact a tax on financial transactions. Since then, however, the Financial Transaction Tax (FTT) or Tobin Tax as it’s known in the US, has become an increasingly contentious issue. (more…)

Pensioners will be facing a cold winter because of the Financial Transactions Tax

Blog / 22 May 2012 / David Holcombe, Rule Financial

It’s crazy to think that a Financial Transactions Tax (FTT) will provide the revenue to solve the world’s ills and that it will be a cost borne only by banks, High Frequency Traders, or speculative traders alone. A FTT charge on all transactions in a given market is nothing more than a politically motivated tax that ultimately impacts the end investors – in market participant terms, that’s pension funds and asset managers. (more…)

Schauble calls for EU lead on Tobin Tax

Banking news, Legislation, News / 31 October 2011 / Steve Shaw, Editor, FX-MM

Wolfgang Schäuble, Germany’s finance minister, wants the European Union to take the global lead in introducing a financial transaction tax to curb speculative trading, along with tougher regulation of big banks and the “shadow” banking sector, such as hedge funds. (more…)