(Get free) Good Taxes: The Case for Taxing Foreign Currency Exchange and Other Financial Transactions
▲ Alex C. Michalos ▲
| #11274244 in Books | Science for Peace | 1997-02-01 | Original language:English | PDF # 1 | 8.96 x.22 x5.83l,.35 | File Name: 0888669542 | 96 pages |
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Financial transactions taxes are in force in all the major developed countries except the USA and Canada. Typically the tax is 0.25% or less, paid whenever stocks and shares or bonds, etc. change hands. The tax originally proposed by Tobin would be a new tax applicable to all international transactions in which currency is exhanged. A similar tax in North America could bring in billions of dollars, even if the tax were as low as 0.1%.
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