Canadian Social Research Links

The Tobin Tax Links Page
+ The Robin Hood Tax

Sites de recherche sociale au Canada

Liens pertinents à la taxe Tobin
et la taxe de Robin des bois

Updated August 5, 2014
Page révisée le 5 août 2014

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NEW

How to avoid another Wall Street tsunami*
http://fortune.com/2014/08/04/how-to-avoid-another-wall-street-tsunami/
By Jeff Furman (Chair of the Board of the Ben & Jerry’s corporation)
August 4, 2014
---
*
The short answer:
1. Raise minimum wages;
2. Enact a new financial transactions tax (a.k.a. "Robin Hood Tax".
---
(...)
Our experience has proven that fair wages are good for business and good for communities. And so I’m encouraged to see that 10 states and the District of Columbia have enacted minimum wage increases this year. [See "Related links" below.] But as we learned during the financial crisis in 2008, high-road business practices are not enough to protect workers and communities from the destructive capacity of a reckless financial sector. A decent paycheck can only stretch so far when friends, family and neighbors lose their homes and livelihoods.
(...)
One tool that would help steer us in the right direction is a financial transaction tax. Through a fee of a fraction of a percent on each trade of stocks, bonds, and derivatives, we could encourage longer-term, productive investment. More than 30 countries currently have such taxes on particular financial instruments. (...) Europe is now moving ahead to adopt the first regional financial transaction tax.
(...)
A financial transaction tax would not solve all the problems with the financial industry. But as we work to build high-road business practices, we should see it as a bit of insurance against future Wall Street tsunamis.]

Source:
FortuneMagazine

http://fortune.com/

Related links:

2014 Minimum Wage By State
http://www.ncsl.org/research/labor-and-employment/state-minimum-wage-chart.aspx

Financial Transaction Tax: Myth Busting
http://stampoutpoverty.org/wf_library_post/financial-transaction-tax-myth-busting/
Hillman D. and Ashford C.
2012
Stamp Out Poverty [ http://stampoutpoverty.org/ ] have created an extremely useful ‘FTT Myth-Busting’ paper which covers 12 common ‘myths’ concerning the impact of the FTT which continue to be peddled by our opponents. All of which can be shown to be false.

---

From the BBC:

Financial transaction tax tabled by European Commission
http://www.bbc.co.uk/news/business-21457562
14 February 2013
The European Commission has tabled its controversial financial transaction tax (FTT), despite the fact that only 11 member states out of 27 support it. The tax, proposed by Commissioner Algirdas Semeta in Brussels, has been adopted by 11 eurozone states, including France, Germany and Spain. The FTT aims to raise public funds and encourage more responsible trading by financial institutions. But there are fears it will catch non-participating countries in its net.

The levy, set at 0.1% for shares and bonds and 0.01% for derivatives, will apply to all transactions "with an established link to the FTT-zone", the European Commission said in a statement, and could raise 30-35bn euros (£26-30bn; $40-47bn) a year.

Source:
BBC

http://www.bbc.co.uk/

---

Related links from the
European Commission:

Taxation of the financial sector:
The Financial Transaction Tax (FTT)
http://ec.europa.eu/taxation_customs/taxation/other_taxes/financial_sector/index_en.htm
On 14 February 2013 the European Commission adopted a proposal for a Council Directive implementing enhanced cooperation in the area of financial transaction tax (...).
* Press release : http://europa.eu/rapid/press-release_IP-13-115_en.htm
* Questions and answers : http://europa.eu/rapid/press-release_MEMO-13-98_en.htm
* Proposal (PDF) : http://ec.europa.eu/taxation_customs/resources/documents/taxation/com_2013_71_en.pdf
* Impact assessment (PDF) : http://ec.europa.eu/taxation_customs/resources/documents/taxation/swd_2013_28_en.pdf
* Summary of the Impact assessment : http://ec.europa.eu/taxation_customs/resources/documents/taxation/swd_2013_29_en.pdf
* Presentation (.PPTX) : http://ec.europa.eu/taxation_customs/resources/documents/taxation/enhanced_cooperation_ftt.pptx

Source:
European Commission:
http://ec.europa.eu/index_en.htm

NEW

In 1978, James Tobin, a Nobel prizewinning American economist, proposed a very small tax on foreign exchange transactions to deter short-term currency speculation. Such speculation wreaks havoc on national budgets, economic planning and allocation of resources. Events including the Mexican peso crisis in 1994 and recent currency devaluations in Thailand and Southeast Asia have led to calls by governments and citizens for measures to curb currency speculation.


From Wikipedia,
the free encyclopedia:

[ http://en.wikipedia.org/ ]

* Robin Hood tax
http://en.wikipedia.org/wiki/Robin_Hood_tax
The Robin Hood tax commonly refers to a package of financial transaction taxes (FTT), proposed by a campaigning group of civil society NGOs. Campaigners have suggested the tax could be implemented globally, regionally or unilaterally by individual nations.

Conceptually similar to the Tobin tax, it would affect a wider range of asset classes, including the purchase and sale of stocks, bonds, commodities, unit trusts, mutual funds, and derivatives such as futures and options. The Tobin tax was proposed for foreign currency exchange only.

* Tobin Tax
http://en.wikipedia.org/wiki/Tobin_Tax
A Tobin tax, suggested by Nobel Laureate economist James Tobin, was originally defined as a tax on all spot conversions of one currency into another. The tax is intended to put a penalty on short-term financial round-trip excursions into another currency.

---------------------------------------


robinhoodtax.ca

Every so often, a proposal comes along that would transform everything. Every so often, activists and people in power end up on the same side of an issue. Every so often, the solution isn’t complicated … just brilliant. Every so often, we get the chance to be part of something huge. We have that chance right now, and it’s called The Robin Hood Tax. A tiny fee on the trade in financial transactions – paid by banks, not by people – it would raise billions of dollars for fighting poverty and climate change at home and around the world.

---------------------------------------

From Global Policy Forum:

"Global currency trade amounts to approximately $1.3 trillion per day (by comparison, on the US stock market - NYSE, AMEX and NASDAQ combined - a "tiny" $10 billion per day is traded). Of this massive amount - cross-border purchases of goods and services which require foreign exchange account for only 2 percent ($5 trillion per year) of the total trading. Another $50 trillion per year (about 17 percent) of foreign exchange trading takes place with futures, options and derivatives to hedge against future exchange rate fluctuations. Exchange rate speculation - short or long term profit-seeking transactions - accounts for the remaining transactions, at least 80 percent. These speculative movements, which can take place rapidly and unpredictably, threaten to empty central banks' currency reserves.

James Tobin, David Felix, Rodney Schmidt, Paul Bernd Spahn and others have examined the possibility of levying a charge on international monetary transactions as a means to reduce exchange rate volatility and promote international economic stability. In addition, considering that annual currency trading is 10 times the global GNP, the revenue generating potential of a tax is tremendous. A modest 0.25 percent tax would generate over $300 billion per year (the total UN annual budget is about $10 billion) for peace and sustainable development."

---------------------------------------

 



---------------------------------------

NOTE : Links on this page are mostly in reverse chronological order.

NEW

New Spanish Prime Minister backs Robin Hood Tax
http://www.nupge.ca/content/4764/new-spanish-prime-minister-backs-robin-hood-tax
With Italy, France and Germany already in support, the UK is now
the only centre-right Government amongst Europe's five biggest economies not to back the tax.

Madrid
18 Jan. 2012
On Jan. 16, new Prime Minister Mariano Rajoy said that Spain supports the introduction of a Financial Transaction Tax. Speaking at a joint press conference with French President Nicolas Sarkozy in Madrid, Rajoy confirmed that France could count on Spain's "political support", saying “I’m in favour of the tax on financial transactions.” He called for a quick decision on the implementation of the tax, and stressed that it was necessary to study "some details" of the initiative to ensure the tax would not affect consumers.
Source:
National Union of Public and General Employees (NUPGE)
http://www.nupge.ca/
NUPGE is one of Canada's largest labour organizations with over 340,000 members. Our mission is to improve the lives of working families and to build a stronger Canada by ensuring our common wealth is used for the common good.

Related links:

Robin Hood tax - From Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Robin_Hood_tax

The Robin Hood Tax
http://www.nytimes.com/2011/12/07/business/global/micro-tax-on-financial-trades-gains-advocates.html

By Steven Greenhouse and Graham Bowley
December 6, 2011
They call it the Robin Hood tax — a tiny levy on trades in the financial markets that would take money from the banks and give it to the world’s poor. And like the mythical hero of Sherwood Forest, it is beginning to capture the public’s imagination. Driven by populist anger at bankers as well as government needs for more revenue, the idea of a tax on trades of stocks, bonds and other financial instruments has attracted an array of influential champions, including the leaders of France and Germany, the billionaire philanthropists Bill Gates and George Soros, former Vice President Al Gore, the consumer activist Ralph Nader, Pope Benedict XVI and the archbishop of Canterbury.

Comments (387)
http://goo.gl/OOt60

Source:
New York Times

http://www.nytimes.com/

Canada:

robinhoodtax.ca
Every so often, a proposal comes along that would transform everything. Every so often, activists and people in power end up on the same side of an issue. Every so often, the solution isn’t complicated … just brilliant. Every so often, we get the chance to be part of something huge. We have that chance right now, and it’s called The Robin Hood Tax. A tiny fee on the trade in financial transactions – paid by banks, not by people – it would raise billions of dollars for fighting poverty and climate change at home and around the world.

* How the Robin Hood Tax works

* Act Now

Note : The Robin Hood Tax was created as part of the At the Table campaign at the 2010 G8 and G20 summits in Toronto").
The At the Table Campaign website is no longer available.

From the
Globe and Mail:

The Canadian behind the new Robin Hood tax
http://goo.gl/1EJBI
By Campbell Clark
November 6, 2011
Rodney Schmidt seems an unlikely Robin Hood. He started his career at the federal Finance department, and his big contribution to the current global debate was fuelled by studies of the micro-structure of financial markets.But the new version of what some call the Robin Hood tax, pushed by aid activists and now others, stems in no small part from Mr. Schmidt’s economics and his argument that a technology revolution in financial markets, which has allowed currency trading to boom, now makes it feasible to tax that trading, one tiny tranche each time.

Related articles
from the Globe and Mail:

* Desperate Sarkozy tries to revive transactions tax (November 3)
http://goo.gl/kyNvr

* Abolish corporate tax – it has been a worldwide failure (Aptil 16)
http://goo.gl/pghhT

Source:
Globe and Mail
http://www.theglobeandmail.com/

---

United States:

U.S. lawmakers to introduce Robin Hood Tax bill
The lawmakers proposal follows a similar measure being discussed by the European Union (EU).
http://robinhoodtax.ca/story/us-lawmakers-to-introduce-robin-hood-tax-bill
3 Nov. 2011
Two U.S. lawmakers have announced that they intend to introduce companion bills to tax U.S. financial transactions at a rate of 0.03 per cent and encouraged the congressional deficit-reduction panel to more closely consider their proposal. The tax would apply the tax to stocks, bonds and all derivatives contracts and would take effect on Jan. 1, 2013. The lawmakers proposal follows a similar measure being discussed by the European Union (EU). The EU proposal is for 0.1 per cent tax on trading of stocks and bonds among the 27 member nations. (...) [The same two Senators have introduced transaction tax measures in the past two years they have yet to be considered by either chamber.

---

United Kingdom

The Robin Hood Tax
http://robinhoodtax.org/
Basically, what we're after is a tax that raises billions of pounds annually from the financial sector, and which generates revenue to fight poverty worldwide and to tackle climate change.
Currently, the main proposals are:
* A Financial Transaction Tax (FTT) - A tiny tax of about 0.05% on transactions like stocks, bonds, foreign currency and derivatives.
* A Bank Levy - Basically a flat-rate levy imposed on large financial institutions.
* The Financial Activities Tax (FAT) - Taxing excess profit and remuneration
Source:
Everything you need to know

http://robinhoodtax.org/how-it-works/everything-you-need-to-know

The Tobin Tax
The case for a tax on international monetary transactions

By James Tobin
April 1, 2011
This article is based on a speech delivered in 1995 at a CCPA conference in Ottawa by U.S. economist James Tobin, who died in 2002 at the age of 84. A prominent supporter of Keynesian economics and winner of the Nobel Prize in Economics in 1981, Prof. Tobin is now widely known for his suggested imposition of a tax on foreign exchange transactions. Such a tax, he argued, would reduce speculation in the international currency markets, which he saw as dangerous and unproductive. Unfortunately, the proposed “Tobin Tax” was never implemented. Had it been in effect over the past decade, it would probably have prevented (or at least minimized) the greed-driven speculation in international financial trading that caused the disastrous economic crash in 2008. As a result of the recent meltdown, interest in the Tobin Tax has been re-ignited, and the case its creator made for it to CCPA members 16 years ago remains just as strong and persuasive today.
Source:
CCPA Monitor
[ Canadian Centre for Policy Alternaticves ]

The Robin Hood Tax --- an idea whose time has come??

Walkom: Will Canada impose a Robin Hood tax on banks?
[Dead link - trying doing a search on the Toronto Star website]
By Thomas Walkom
April 23, 2010
Canada was on the wrong side of climate change. We're on the wrong side of financial reform. If we don't watch out, this could become a habit.
Source:
Toronto Star

---

Flaherty ratchets up fight against bank tax
[Dead link - trying doing a search on the Toronto Star website]
By Sheldon Alberts and Paul Vieira
April 23, 2010
Finance Minister Jim Flaherty on Thursday escalated a dispute with the International Monetary Fund over the organization's proposal for a global bank tax to guard against future financial meltdowns, calling the plan "odd" and saying it makes little sense for Canada. "We are a sovereign country. We can regulate our banks and our other financial institutions as we see fit," said Flaherty, who is in Washington for annual meetings of the IMF and the World Bank.
Source:
Ottawa Citizen

---

Statement Prepared for the International Monetary and Financial Committee
of the Board of Governors of the International Monetary Fund:
The Honourable Jim Flaherty, Minister of Finance for Canada,

on behalf of Antigua and Barbuda, the Bahamas, Barbados, Belize,
Canada, Dominica, Grenada, Ireland, Jamaica, Saint Kitts and Nevis,
Saint Lucia, and Saint Vincent and the Grenadines
Washington, DC
April 24, 2010
"(...)Conclusion:
Through meaningful and thoughtful reform, the IMF will gain the legitimacy, credibility and effectiveness it needs. Legitimacy will arise when the Fund has voice and representation that reflects the economic realities of the 21st century, and when the Fund makes transparent decisions with clear accountability."
Source:
Department of Finance Canada

COMMENT:
So if I read the above excerpt from the statement's conclusion correctly, Mr. Flaherty and his friends from Ireland and some Caribbean countries feel:
(1) that the IMF is lacking in legitimacy, credibility and effectiveness,
(2) that the Fund's voice and representation don't reflect the economic realities of the 21st century, and
(3) that the Fund doesn't make transparent decisions with clear accountability.
Makes one wonder whether the kerfuffle is over the IMF's suggestion that the banking sector should be forced to pay for their own bailouts, or whether there's something deeper there. Something's definitely awry when the Harper government disses the fiscally-conservative International Monetary Fund...

International Monetary Fund (IMF)
The International Monetary Fund is an organization of 186 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

_________________________________________________

NOTE: The IMF is not without its detractors.
See the "Criticism" section of
this Wikipedia article on the International Monetary Fund
.

_________________________________________________


IMF - World Bank 2010 Spring Meetings
Washington D.C.
April 24-25, 2010
Each Spring, the IMF's International Monetary and Financial Committee and the joint World Bank-IMF Development Committee hold meetings to discuss progress on the work of the Fund and Bank. Plenary sessions of the IMF and the World Bank's Boards of Governors are only scheduled during the Annual Meetings in the autumn.

From BBC News:

International Monetary Fund (IMF)
proposes two big new bank taxes to fund bail-outs

April 21, 2010
Banks and other financial institutions face paying two new taxes to fund future bail-outs, the BBC has learned.
(...) The IMF documents were made available to governments of the G20 group of nations on Tuesday afternoon and seen by the BBC soon afterwards. The plans will be discussed by finance ministers this weekend.

The "leaked" IMF document
on the BBC News website:

Meeting of G-20 Ministers
April 2010
A FAIR AND SUBSTANTIAL CONTRIBUTION BY THE FINANCIAL SECTOR
INTERIM REPORT FOR THE G-20
(PDF - 1.5MB, 57 pages)
Prepared by the Staff of the International Monetary Fund
April 16, 2010
This is an interim response to the request of the G-20 leaders for the IMF to: “...prepare a report for our next meeting [June 2010] with regard to the range of options countries have adopted or are considering as to how the financial sector could make a fair and substantial contribution toward paying for any burden associated with government interventions to repair the banking system.”

Source:
BBC News

robinhoodtax.ca
Every so often, a proposal comes along that would transform everything. Every so often, activists and people in power end up on the same side of an issue. Every so often, the solution isn’t complicated … just brilliant. Every so often, we get the chance to be part of something huge. We have that chance right now, and it’s called The Robin Hood Tax. A tiny fee on the trade in financial transactions – paid by banks, not by people – it would raise billions of dollars for fighting poverty and climate change at home and around the world.

* How the Robin Hood Tax works

* Act Now

Note : The Robin Hood Tax is part of the At the Table campaign.

At The Table - Make your voice heard at the G8 and G20 summits
http://atthetable2010.org/
(This link is now inactive)
At the Table is made up of international NGOs, poverty groups, climate change groups, students, faith groups, organized labour organizations and more than 60 Canadian groups working on G8 and G20 issues. At The Table supporters will gather around hundreds of tables – in restaurants, living rooms, church halls, town squares, classrooms and online meeting spaces – to tell world leaders they need to live up to their promises to meet the Millennium Development Goals and cut world poverty in half by 2015. Politicians from all levels of government will be invited to join these table discussions. Supporters will create a huge photo petition in cyberspace which will be presented to world leaders at the start of the Summits. [ Excerpt from Who We Are ]

Related link:

Financial Transactions aka “Robin Hood” tax campaign
By Toby Sanger
April 20, 2010
This morning Oxfam launched their “Robin Hood” (financial transactions) tax campaign in Canada with a press conference in Ottawa and the launch of their website. (...) Estimates are that an international financial transactions tax at a rate of 0.05% could raise up to $600 billion a year and the Robin Hood tax campaign proposes that a quarter of this goes to fund Millenium Development Goals and another quarter goes to support for international climate change programs. This campaign is leading up to the G20 meetings in Toronto this June and is part of an international campaign for an international financial transactions tax.

Source:
Blog : Relentlessly Progressive Economics
[ Progressive Economics Forum ]

From Oxfam Canada:

The Robin Hood Tax
- two-minute video explaining the Robin Hood Tax : "... tiny fee on financial transactions – paid by banks, not by people..."

The Robin Hood Tax [ United Kingdom ]
The Robin Hood Tax is a tiny tax on bankers that would raise billions to tackle poverty and climate change, at home and abroad. By taking an average of 0.05% from speculative banking transactions, hundreds of billions of pounds would be raised every year. That’s easily enough to stop cuts in crucial public services in the UK, and to help fight global poverty and climate change.
(...)
Who’s in?
Gordon Brown, Angela Merkel (the German Chancellor) and Nicolas Sarkozy (the French President) have all spoken out in support of a tax on financial transactions. Plenty of business bigwigs are on-board too. Like Lord Turner (from the Financial Services Authority), George Soros (the philanthropist) and Warren Buffet (US businessman extraordinaire). And then there are the hundreds of economists who have backed the idea, too. This isn’t some crazy pipedream. It’s a simple and brilliant idea which transcends party politics and which – with your support – can become a reality.

Isn’t this the Tobin Tax?
Posted February 11, 2010
The Robin Hood Tax differs fundamentally from James Tobin’s original concept as its principal motivation is the raising of revenue as opposed to being a way of regulating speculative financial activity.

James Tobin first proposed his tax in the 1970s as a way of ‘throwing sand in the wheels’ of currency markets rather than harnessing their extraordinary volumes as a means of generating income. More recently the idea of a wider Financial Transactions Tax covering the full range of products traded in the financial markets, has gained ground. Even levied at a very low rate, a yield of $400 billion a year could be realised.

The media as a means of shorthand refer to the Financial Transaction Tax as the Tobin Tax. In fact, Tobin made his proposal specifically about currency transactions. When he made his proposal 30 years ago, the foreign exchange market had a daily value of $18 billion. The market is now worth more than $3,000 billion per day. Tobin’s proposal was for a 1% levy, 200 times the rate the Robin Hood Tax campaign is proposing for the taxing of foreign exchange. The purpose of his tax was to impede daily currency trading and to discourage speculative activity, not as we propose to be a means of raising new revenue to fight poverty, at home and abroad.

The Robin Hood Tax differs markedly from the Tobin tax in that it is born of a different time, proposed at a different rate and designed for a different purpose.

Related links:

The Tobin Tax - from Wikipedia

------------------------------------------

A Tiny Tax Could Do a World of Good
By Philippe Douste-Blazy
September 23, 2009
As leaders of the world’s largest economies gather today in Pittsburgh for the Group of 20 meeting, people in the world’s poorest countries will likely look on with a mix of hope and trepidation, wondering whether their needs will figure in the deliberations at all. The G-20 nations could help both the poor and the global economy by fully financing lagging efforts to fight poverty and disease worldwide, and the best way to do this would be to impose a very small tax on the prosperous foreign exchange industry.
Source:
New York Times
Author Philippe Douste-Blazy, the French foreign minister from 2005 to 2007, is the chairman of UNITAID and a special adviser to the United Nations secretary general on innovative financing.
UNITAID’s mission is to contribute to scaling up access to treatment for HIV/AIDS, malaria and tuberculosis, primarily for people in low-income countries, by leveraging price reductions for quality diagnostics and medicines and accelerating the pace at which these are made available.

Related links:

Tobin-lite could raise £3 Billion for third world
By Ashley Seager
7 April 2005
A new campaign will be launched today to persuade the government to levy a stamp duty on foreign exchange trading that would raise billions of pounds for poverty relief in developing countries.
Source:
The Guardian

Stamp Out Poverty (U.K.)- Campaigning for new sources of development finance
We are committed to the implementation of additional sources of finance, specifically duties or levies, to generate reliable income streams for the provision of long term sustainable development; and to combat, where linked, causes of poverty such as economic and environmental harm to developing countries.

War on Want (U.K.)
War on Want fights poverty in developing countries in partnership with people affected by globalisation.
We campaign for human rights and against the root causes of global poverty, inequality and injustice.

United Nations Millennium Development Goals
* End Poverty and Hunger
* Universal Education
* Gender Equality
* Child Health
* Maternal Health
* Combat HIV/AIDS
* Environmental Sustainability
* Global Partnership
Source:
United Nations

Canada

The Tobin Tax
Source:
Halifax Inititative
The Halifax Initiative is a Canadian coalition of development, environment, faith-based, human rights and labour groups. Our goal is to fundamentally transform the international financial system and its institutions, namely the World Bank, the International Monetary Fund and export credit agencies. By doing so, we hope to achieve poverty eradication, environmental sustainability and the full realization of human rights.

---

Currency Transaction Tax (A Halifax Initiative sister site)
Money has become a commodity rather than a means of exchange, trading at a volume of over US$ 1.2 trillion dollars per day. This enormous amount moves around the world without restriction, seeking maximum short-term profit. When currency speculators “bet” against a currency and rapidly withdraw billions from a country, they wreck havoc on its economy and people’s lives. Leading economists, including the late James Tobin, Rodney Schmidt, Paul Bernd Spahn and others have proposed that the international trade in currencies be taxed in order to promote international economic stability and help prevent financial crises. A global citizen’s movement has emerged in support of the currency transactions tax, or “Tobin” tax as it is often called. The tax is a means to reassert national economic sovereignty, help prevent financial crises and generate billions of dollars for global social development and environmental protection.

---

ATTAC-Québec (French only)
Association pour la Taxation des Transactions pour l'Aide aux Citoyens

United States

The Tobin Tax Initiative
A project of the International Innovative Revenue Project,
within the Center for Environmental Economic Development in California.

- incl. links to the following:
* What are Tobin Taxes?
* Tobin Tax Bibliography
* Publications and Resources
* Who We Are
* Campaigns Around the World
* US Campaigns

Tobin Tax Campaign and Policy Network
Links to groups promoting the Tobin Tax around the world, including Canada

---

GLOBAL POLICY FORUM
New York

"Global Policy Forum monitors policy making at the United Nations, promotes accountability of global decisions, educates and mobilizes for global citizen participation, and advocates on vital issues of international peace and justice."
* Social and Economic Policy
* Human Rights and Transnational Corporations

Financing for Development - Links and Resources

Currency Transaction Taxes
- incl. links to dozens of proposals, analyses and articles about currency transaction taxes,
from 2003 right back to the original Proposal for Monetary Reform by James Tobin in 1978.

Europe

ATTAC (Association for the Taxation of Financial Transactions for the Aid of Citizens)
Attac is an international organization and network in the global justice movement. We are resist neoliberal globalization and work towards social, Environmental and democratic alternatives in the globalization process. We stand for the regulation of financial markets, Closure of tax havens, Introduction of global taxes to finance global public goods, Cancellation of developing countries‘ debt, Fair trade rules and limits to free trade and unregulated capital flows. Attac is active in 40 countries and about 1,000 local groups. Hundreds of organisations support the Attac network. ATTAC was founded in France in 1998.

---

Stamp Out Poverty (U.K.)
Stamp Out Poverty works to raise billions of pounds through innovative sources of revenue to bridge the massive funding gap required to bring the world’s poorest people out of poverty. We are a network of more than 50 UK organisations, including Oxfam, Christian Aid, UNISON and War on Want, who have developed ideas such as taxing the banks on their trade in currencies, so that those that most benefit from globalisation give something back to those unlikely to see any of globalisation’s benefits. Working as part of MakePovertyHistory, the campaign saw great progress in 2005 with an agreement by several countries including the UK and France to set up an Air Ticket Levy to finance development as early as February 2006.

---

War on Want - United Kingdom
"War on Want fights poverty in developing countries in partnership and solidarity with people affected by globalisation. We campaign for workers' rights and against the root causes of global poverty, inequality and injustice."



Selected international organisations

CIDSE, Belgium (International Cooperation for Development and Solidarity
Coalition for Global Solidarity and Social Development - http://www.globalsolidarity.org/

Global Policy Forum, U.S. - http://www.globalpolicy.org/socecon/glotax/index.htm

Halifax Initiative, Canada -http://www.halifaxinitiative.org/

Tobin Tax Initiative, U.S.- http://www.ceedweb.org/iirp/

War on Want, United Kingdom - http://www.waronwant.org

Online Documents

Seattle opens way for Tobin Tax ATTAC. Newsletter (December 22, 1999). . http://www.globalpolicy.org/socecon/glotax/currtax/tobin.htm
New financial mechanism for sustainable development - green taxes for global needs? (CSD NGO Finance Caucus. NGO Position Paper 1) http://csdngo.igc.org/finance/fin_pos_paper1.htm
Joint Resolution on Taxing Cross-border Currency Transactions to Deter Excessive Speculation (DeFazio, P./ Wellstone, P). . http://www.ceedweb.org/iirp/ushouseres.htm

Costing the Casino - The real impact of Currency Speculation in the 1990s  (Hayward, H.). http://www.waronwant.org

Robin Round. Time for Tobin! (New Internationalist. Issue 320 - January-February 2000).  http://www.globalpolicy.org/socecon/glotax/currtax/tobtime.htm

There is an enormous demand for action and for acting together.  (New Internationalist. Issue 320 - January-February 2000. Sputnik Kilambi). 

http://www.globalpolicy.org/socecon/glotax/currtax/attac1.htm

The Tobin Tax and Exchange Rate Stability (Spahn, P.-B., 1996).. Finance and Development, Vol. 33, June, pp 24 -27 http://csdngo.igc.org/finance/fin_tobin.htm
Tobin Tax Initiative List of Principles (Tobin Tax Initiative). . http://www.ceedweb.org/iirp/princ.htm

Policy Proposals (Tobin Tax Initiative). . http://www.ceedweb.org/iirp/polprop.htm

Source:
Copenhagen +5 : A Social Development Resource For All Stakeholders


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Gilles Séguin (This link takes you to my personal page)

E-MAIL: gilseg@rogers.com