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Debating the Tobin Tax

New Rules for Global Finance | January 21, 2004

This book, published by The New Rules for Global Finance Coalition, explores the argument for and against one of the most provocative policy proposals in the international economic policy arena – the Tobin Tax. The tax proposal, named for the late Noble Laureate and Yale University professor James Tobin, would impose a small tax on transactions in foreign currency and possibly a broader array of financial instruments.

The New Rules for Global Finance Coalition organized a conference in January of 2003 to discuss the desirability and feasibility of imposing a transaction tax on foreign currency and various other financial instruments. The purpose of the conference was to clarify the issues raised by the policy proposal and invite NGOs, scholars and interested individuals to explore possible points of consensus. The conference opened with a debate that covered the entire range of issues, and then followed up with sessions that addressed specific key issues such as the feasibility of implementing the tax and the effectiveness of the tax in achieving greater stability in financial markets. This book is a collection of the conference papers and presentations plus two primers designed to introduce people to the Tobin tax and the issues it raises.

Download a copy of the book (190 pages)

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Read More: Finance, Globalization, Governance, Tax

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