Tobin tax

[ramirez]

Cominciamo a segnarci i nomi dei proponenti
Brown e Sarko.
Ho una domanda per chi se ne intende. Ma la tassa DOVE SI PAGA ?
Presumo ove avvenga la transazione. Quindi se penso ai centri finanziari
a Londra, Francoforte e Parigi, penso bene?
Se è così..capisco molto.
.
EU leaders urge IMF to consider Tobin tax
By Tony Barber and George Parker in Brussels

Published: December 11 2009 14:43 | Last updated: December 11 2009 18:09

European Union leaders urged the International Monetary Fund on Friday to consider a global tax on financial transactions in spite of opposition from the US and doubts at the IMF itself.

In a communiqué issued after a two-day summit, the EU’s 27 national leaders stopped short of making a formal appeal for the introduction of a so-called “Tobin tax” but made clear they regarded it as a potentially useful revenue-raising instrument.

In a separate initiative, Mr Brown and Nicolas Sarkozy, France’s president, suggested that revenues from the Tobin tax could be devoted to the world’s fight against climate change, especially in developing countries.

They suggested that funding could come from “a global financial transactions tax and the reduction of aviation and maritime emissions and the auctioning of national emissions permits.”

However British officials later argued the main point of a financial transactions tax would be provide insurance for the global taxpayer against a future banking crisis.

European support for the Tobin tax, named after the late US economist James Tobin, has grown since the world’s financial system plunged into crisis 15 months ago, forcing governments in the US and Europe to rescue and recapitalise banks to the tune of hundreds of billions of dollars.

But Tim Geithner, the US Treasury secretary, said last month at a meeting of the world’s 20 main advanced and emerging economies that the US was unwilling to back a tax on daily financial market activity.

Opposition was also voiced by Dominique Strauss-Kahn, the IMF managing director, who said the Tobin tax was “a very old idea that is not really possible today”.

The EU statement drew attention to “the importance of renewing the economic and social contract between financial institutions and the society they serve”.

It urged the IMF “to consider the full range of options including insurance fees, resolution funds, contingent capital arrangements and a global financial transaction levy”.

Mr Brown, who has gradually become convinced of the advantages of a levy on financial transactions, told reporters at the EU summit that he recognised it would not work unless it applied in New York, Tokyo and other financial centres as well as London, Frankfurt and Paris.
“Global taxes will not be introduced unless all global financial centres are able to come behind them. But I believe there’s growing support for that,” Mr Brown said. “We’re trying to make a global supervisory system that makes sense for all the financial centres in the world.”

Global daily turnover in foreign exchange markets alone is estimated to have risen to $3,200bn in 2007, according to the Bank for International Settlements, which groups the world’s central banks.

Advocates of the Tobin tax, such as Bernard Kouchner, France’s foreign minister, have suggested that an annual €20bn-€30bn could be raised by a levy of only 0.005 per cent.

[Yielder]

Capisci anche che la gente che lavora in finanza troverebbe subito un modo per aggirarla no? magari concentrando le transazioni in mercati dove essa non è applicata... secondo me non è il massimo...

[bear$]

Originalmente inviato da ramirez

Cominciamo a segnarci i nomi dei proponenti
Brown e Sarko.
Ho una domanda per chi se ne intende. Ma la tassa DOVE SI PAGA ?
Presumo ove avvenga la transazione. Quindi se penso ai centri finanziari
a Londra, Francoforte e Parigi, penso bene?
Se è così..capisco molto.
.
EU leaders urge IMF to consider Tobin tax
By Tony Barber and George Parker in Brussels

Published: December 11 2009 14:43 | Last updated: December 11 2009 18:09

European Union leaders urged the International Monetary Fund on Friday to consider a global tax on financial transactions in spite of opposition from the US and doubts at the IMF itself.

In a communiqué issued after a two-day summit, the EU’s 27 national leaders stopped short of making a formal appeal for the introduction of a so-called “Tobin tax” but made clear they regarded it as a potentially useful revenue-raising instrument.

In a separate initiative, Mr Brown and Nicolas Sarkozy, France’s president, suggested that revenues from the Tobin tax could be devoted to the world’s fight against climate change, especially in developing countries.

They suggested that funding could come from “a global financial transactions tax and the reduction of aviation and maritime emissions and the auctioning of national emissions permits.”

However British officials later argued the main point of a financial transactions tax would be provide insurance for the global taxpayer against a future banking crisis.

European support for the Tobin tax, named after the late US economist James Tobin, has grown since the world’s financial system plunged into crisis 15 months ago, forcing governments in the US and Europe to rescue and recapitalise banks to the tune of hundreds of billions of dollars.

But Tim Geithner, the US Treasury secretary, said last month at a meeting of the world’s 20 main advanced and emerging economies that the US was unwilling to back a tax on daily financial market activity.

Opposition was also voiced by Dominique Strauss-Kahn, the IMF managing director, who said the Tobin tax was “a very old idea that is not really possible today”.

The EU statement drew attention to “the importance of renewing the economic and social contract between financial institutions and the society they serve”.

It urged the IMF “to consider the full range of options including insurance fees, resolution funds, contingent capital arrangements and a global financial transaction levy”.

Mr Brown, who has gradually become convinced of the advantages of a levy on financial transactions, told reporters at the EU summit that he recognised it would not work unless it applied in New York, Tokyo and other financial centres as well as London, Frankfurt and Paris.
“Global taxes will not be introduced unless all global financial centres are able to come behind them. But I believe there’s growing support for that,” Mr Brown said. “We’re trying to make a global supervisory system that makes sense for all the financial centres in the world.”

Global daily turnover in foreign exchange markets alone is estimated to have risen to $3,200bn in 2007, according to the Bank for International Settlements, which groups the world’s central banks.

Advocates of the Tobin tax, such as Bernard Kouchner, France’s foreign minister, have suggested that an annual €20bn-€30bn could be raised by a levy of only 0.005 per cent.

Conoscete la storiella di quello che per fare un dispetto alla moglie se lo tagliò?
Bene raccontatela pure a quei due Fanfaroni di Brown e Sarko........evidentemente non la conoscono.............