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A Tobin Tax

A Tobin Tax

https://www.google.com.au/search?q=tobin+tax&oq=tobin+tax&aqs=chrome..69i57j69i59j0l2j69i61.9258j0j4&client=ms-android-huawei&sourceid=chrome-mobile&ie=UTF-8

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    • Robina Harrison Rusconi
      commented 2016-12-08 17:33:23 +1300
      Both!
      By charging a small tax on transactions, typically less than one per cent of the transaction value, there is a disincentive for large volumes of short term trading, such as with HFT.
      In some circumstances the primary goal of a Tobin tax is to discourage speculative and destabilising trading, while at the same time it is a revenue raising instrument.
    • Robina Harrison Rusconi
      tagged this with interesting 2016-12-08 17:33:22 +1300
    • Robina Harrison Rusconi
      tagged this with important 2016-12-08 17:33:22 +1300
    • Robina Harrison Rusconi
      commented 2016-11-28 13:21:53 +1300
      Further Dear John
    • John Rusk
      commented 2016-11-26 10:05:13 +1300
      To save other readers a few seconds Googling, this from Wikipedia:

      “A Tobin tax, suggested by Nobel Memorial Prize in Economic Sciences Laureate economist James Tobin, was originally defined as a tax on all spot conversions of one currency into another. Tobin’s original tax was intended to put a penalty on short-term financial round-trip excursions into another currency. By the late 1990s, however, the term Tobin tax was being incorrectly used to describe all forms of short term transaction taxation”

      Robina, which meaning did you have in mind?
    • John Rusk
      tagged this with interesting 2016-11-26 10:05:13 +1300
    • Bart Brichau
      tagged this with interesting 2016-11-25 14:40:48 +1300
    • Nathan Shaw
      tagged this with interesting 2016-11-25 14:01:48 +1300
    • Robina Harrison Rusconi
      published this page in Suggestions 2016-11-25 13:33:47 +1300