Posts Tagged ‘tobin tax’
The Role of Stock Market Speculation: DEVELOPMENT -part 7-
The Tobin Tax is a tax that is intended to discourage financial capital to participate in speculative trading. This is to charge a small fee for each transaction of purchase and sale of shares held and the currency exchange operations.
Due to the astronomical sums that are exchanged in these markets, the volume of taxes collected at the country level would solve the most urgent challenges of poverty in each of them.
The Tobin Tax is a matter of universal importance, is currently under debate in the parliaments of various European countries among which one can cite Finland, France, Germany, Switzerland, Britain, Belgium, Ireland, Spain and the European Parliament, plus Australia, Canada, United States, Brazil, Argentina and Chile. Read the rest of this entry »