Blog: Policy
By Stephany Griffith-Jones of Columbia University and Avinash Persaud, Chairman of Intelligence Capital. This blog looks at progress in Europe.
Far from sending taxpayers rushing for the exit, this tax gets more foreigners to pay it than any other.
“All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is...
Nobel Prize winning economist Paul Krugman has today reiterated his support for a Robin Hood Tax on financial transactions.
Writing in the New York Times, Krugman suggested a tax on both financial transactions and high incomes as a way of raising revenue.
Speaking about a Financial Transaction Tax, Krugman said:
“And...
This blog was submitted by Stamp Out Poverty.
Over the past couple of weeks, the idea of a Robin Hood Tax (or Financial Transaction Tax), has been hitting headlines across the globe. However, it's not all positive, and some of those arguing against moves to introduce an FTT are trotting out the same tired example of the unsuccessful Swedish FTT as ‘proof’ of why an FTT would never work.
There’s lots of...
Dean Baker, co-director of the Center for Economic and Policy Research (CEPR) in Washington DC has produced a useful six-page paper looking at the lessons for the US of the UK’s stamp duty on share transactions, which, before the crisis, raised 0.3% of UK GDP for the exchequer.
Baker uses this figure to estimate the...
