Only a broad-based financial transaction tax will be effective

Only a broad-based financial transaction tax will be effective SULEIKA REINERS 26 April 2014 A well constituted financial transaction tax (FTT, or Tobin tax) can not only reduce levels of inequality but also curb some of the destructive elements of financial activity and make a positive contribution to economic growth. Just …

EU gives member states green light to introduce Financial Transaction Tax

EU gives member states green light to introduce Financial Transaction Tax   EUROPE – European Union finance ministers have given 11 member states the green light to implement the controversial Financial Transaction Tax (FTT). The news comes a month after a majority of MEPs gave the same member states the go-ahead …

As 2013 begins, the introduction of a financial transaction tax (FTT) in a selection of European countries looks closer to becoming reality then ever.

  After a first (failed) attempt by the European Commission to introduce a common system for a broad based FTT in the EU in 2011, the proposal has gained new life when 11 Eurozone countries were able to agree on the proposal and move it forward under the ‘enhanced cooperation …

G20 told voters want banks to put something back into the global economy

INTERNATIONAL TRADE UNION CONFEDERATION (ITUC) 085/180612 ITUC OnLine G20 told voters want banks to put something back into the global economy. Global poll shows 63% support Financial Transactions Tax Strongest support found in France 88 %, Germany 82%, UK 76 %, USA 63% Los Cabos, Mexico, 18 June 2012 (ITUC …

Cameron Criticises European Financial Tax

Some news for you on the subject of developments in Europe concerning the financial transaction tax. http://www.ft.com/intl/cms/s/0/0c4fcda4-4843-11e1-941c-00144feabdc0.html#comment-1766626 … is an article in the Financial Times of 120126 — by Chris Giles in Davos, George Parker in London and Gerrit Wiesmann in Berlin – under the headline “Cameron criticises European financial …

Trade unions call on FSB to address financial transaction tax – ITUC OnLine

INTERNATIONAL TRADE UNION CONFEDERATION ITUC OnLine 180/031011 Trade unions call on FSB to address financial transaction tax Brussels, 3 October 2011 (ITUC OnLine): As the Plenary of the Financial Stability Board (FSB) meets today in Zurich, international trade union organisations have submitted their priorities for the FSB current programme of …

IMF’s Strauss-Kahn backs ITUC analysis on global threat of unemployment and inequality

INTERNATIONAL TRADE UNION CONFEDERATION ITUC OnLine 084/140411 IMF’s Strauss-Kahn backs ITUC analysis on global threat of unemployment and inequality Brussels, 14 April 2011 (ITUC OnLine): As the World Bank, the International Monetary Fund (IMF) and G20 finance ministers meet this weekend to discuss the state of the global economy and …

Calling Wall Street to Account

“Calling Wall Street to Account” by Alan F Kay, PhD © 2011 In 1967 I started “AutEx” with a name that reflected the function of my Company.  Automation would bring computerization to the financial industry way beyond an Exchange, a place where floor traders went face-to-face to complete a transaction. …