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

Jay Owen Reforming Global Finance

  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 …

The case for a “Calibrateable dsFCF”

Ethical Markets - R Reforming Global Finance

A “Smart” Version of the FTT Summary Derivative contracts can rationally be classified – prospectively, from the perspective of the economy as a whole — as either functional or very likely to be dysfunctional, although “the Street” pretends otherwise. Therefore a charge levied at the writing or exchange of very-likely-to-be-dysfunctional derivative contracts would usefully …