Currency Transaction Tax
   

Implementation and Revenue

Until the criticism that Tobin's original proposal was not feasible was addressed, discussion of implementation and revenue distribution was moot. Thus, this area of research and debate only emerged with the new century.

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Democratizing Globalization. The Leverage of the Tobin Tax (EN)
PATOMÄKI, Heikki - Zed Books: London & New York.
2001

The author argues that the power of the global financial markets to undermine economic policies, production and employment has grown rapidly, while also transferring accountability away from national legislatures. The Tobin tax would help control global finance, bolster the autonomy of states, and shift globalization towards more democratic control, social responsibility and justice. On a practical level, Dr Patomaki argues that its implementation could start with a group of countries. This would make it possible to proceed without the consent of every state, while not compromising the eventual aim of a universal and uniform tax.

Is It Possible to Implement the Tobin tax in Europe Alone? (EN)
HUFFSCHMID, Jörg. - ATTAC. December.
2001

Making the Tobin Tax Real in a Democratic Way: A Two-Phase Proposal (EN)
PATOMÄKI, Heikki - Network Institute for Global Democratisation, NIGD, UK. September.
2001

Sovereignty, Automaticity, and International Trust Funds: A Proposal for Implementation of Tobin-style Taxes (EN - 40 KB PDF)
CECIL, Ruthanne - Center for Environmental Economic Development. US.
2001

The Next Step: Implementation of a Currency Transaction Development Levy (EN - 303 KB PDF)
David Hillman, Sony Kapoor, Stephen Spratt -
2007

This paper was commissioned by the Norwegian Ministry of Foreign Affairs for presentation to the Leading Group on Solidarity Levies to Fund Development, meeting in Oslo, Norway, February 6-7, 2007.

The Robin Hood Tax (EN)
SIMMS, Andrew, TIBBETT, Steve - War On Want and New Economics Foundation, UK.
2001

The UN Multilateral Environmental Agreement /Financial Mechanism as a Model for Currency Transactions Tax Governance and Revenue Redistribution (EN) (EN - 34 KB PDF)
ROUND, Robin - Halifax Initiative, Canada, September.
2001

The UN multilateral environmental agreement/financial mechanism model is a viable one that can provide useful lessons to governments developing the terms of reference for currency transactions tax governance and redistribution systems.

Tobinin veron toteutus (The realisation of the Tobin Tax) (EN)
PATOMÄKI, Heikki - (SU), Network Institute for Global Democratisation, NIGD, UK. September.
2001

Treaty On Global Currency Transactions Tax (EN)
PATOMÄKI, Heikki. I., DENYS, Lieven A. - ATTAC Finland. January.
2002

In addition to the paper, a special forum has been created for the discussion of the Draft Treaty on Global Currency Transactions Tax.

UNU-WIDER Study on New and Innovative Sources of Development Finance (EN - 311 KB PDF)
World Institute for Development Economics Research of the United Nations University -
2004

As part of the follow-up process to the International Conference on Financing for Development, the UN General Assembly decided to consider possible innovative sources of financing development at its fifty-ninth session and requested the Secretary General to present an analysis of this issue at the session. In response to this call, the World Institute for Development Economics Research of the United Nations University (UNU-WIDER) was commissioned to undertake a study of new and innovative sources of finance over the period 2003-4. The report was released in Oct 2004.The chapter of the UNU-WIDER study on Currency Transaction Taxes is written by Machiko Nissanke.

     
     
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