The emotional appeal of a tax on all financial transactions is undeniable.

Consider, for example, a tax of 0.25 applied to all cross border financial transactions.

Moreover, a high corporate tax rate is an ineffective and costly tool for producing revenues, owing to innovative financial transactions and legal tax avoidance mechanisms.

A leading policymaker in the Anglo American empire of finance actually came out in support of a Tobin tax a global tax on financial transactions.

2210 Tax on foreign exchange transactions

Financial transactions

CAMBRIDGE European leaders are seriously considering a Tobin tax, which would put a small levy on financial transactions, thereby dampening trading.

A tax on stock transactions encourages longer term holdings.

Existing proposals include a Robin Hood tax on financial transactions, a share of the profits from the EU s carbon emissions trading scheme, or a larger take from value added tax receipts.

To be effective, any tax on financial transactions would have to be implemented on a global scale, which currently does not seem realistic.

Developing nations should also push for a Tobin tax a tax on global foreign currency transactions.

CAMBRIDGE European leaders are seriously considering a Tobin tax, which would put a small levy on financial transactions, thereby dampening trading. But will the tax do as much as its proponents hope?

Turner, voicing his concerns about the size of the financial sector and its frequently obscene levels of compensation, said he thought a global tax on financial transactions might help curb both.

As of now, Europe s Tobin tax proposals are not well targeted. Sound transactions would be taxed along with destabilizing, overnight financing of fragile financial institutions.

As a result, the ultimate revenue gains are likely to prove disappointing, as Sweden discovered when it attempted to tax financial transactions two decades ago.

Establishment of a financial investigation unit to monitor illicit financial transactions.

It is time for an international tax on bank profits perhaps implemented as a levy on international financial transactions which would raise tens of billions of dollars each year.

Issuing decrees on the suspension of financial transactions

CAMBRIDGE Something happened in late August that I never thought I would see in my lifetime. A leading policymaker in the Anglo American empire of finance actually came out in support of a Tobin tax a global tax on financial transactions.

For example, a so called Tobin tax on financial transactions is a frequently proposed solution, but it is not a policy solution that could be implemented by corporate law judges.

Other policies, such as redirecting subsidies paid by rich countries to the fossil fuel industry, or levying a tax on financial transactions, could provide a further 10 billion each year.

Question on the requirement to report suspicious transactions by all financial institutions, as well as by insurance companies and other such intermediaries engaged in financial transactions.

Australia's financial intelligence unit, AUSTRAC, also monitors the financial transactions of NPOs in the same way that it monitors other organizations, by scrutinizing their international funds transfer instructions, significant cash transactions, suspect transactions and international currency transfers.

One proposal calls for taxing national and international financial transactions.

These issues of tax havens, looted funds, bribery, and corruption are at the nexus of the urgent need to foster openness and transparency in financial transactions, and to ensure accountability at the global level.

Revenue estimates for a small tax on international currency transactions run into hundreds of billions of dollars per year.

In fact, a tax on foreign exchange transactions the so called Tobin tax, advocated by the late Nobel laureate economist James Tobin might be the simplest way to go.

Recommendation 8 concerning greater and more efficient use of exchanges of information proposes that countries should undertake programmes to intensify exchange of relevant information concerning transactions in tax havens and preferential tax regimes constituting harmful tax competition.

1.5 Paragraph 1 of the resolution requires that the legal obligation to report suspicious transactions should extend to all professions engaged in financial transactions.

The huge losses on derivate transactions were generated by AIG s financial products unit.

The implication is that we should punish offenders rather than restrict gun circulation. Similarly, policymakers should ensure that financial market participants fully internalize the risks that they assume, rather than tax or restrict certain types of transactions.

Previous positions include Director, International Tax Relations, Tax Policy Department Director, Tax Department, Italian Banking Association and Economic Adviser to the Minister of Finance for international tax policy and financial tax issues.

CAMBRIDGE Europe is already in pickle, so why not add more vinegar? That seems to be the thinking behind the European Commission s proposed financial transactions tax (FTT) the Commission s latest response to Europe s festering growth and financing problems.

Support for a global financial transaction tax is growing.

Sound transactions would be taxed along with destabilizing, overnight financing of fragile financial institutions.

4.5 Exchange of information regarding suspicious financial transactions, illegal financial operations and assistance in establishing and strengthening contacts between appropriate authorities.

But it does not help to solve major financial problems, and those that it does address (short term, overnight financing) could be dealt with more directly, with a more focused tax, better rules governing those transactions, and improved prudential regulation.

The question of an international tax to benefit sustainable development objectives has been discussed and debated primarily among academics and economists since the 1990s, when proposals for a tax on international currency transactions emerged.

Previous positions include head of the committee reviewing tax law Assistant to the Director, Income Tax Department and head of Income Tax Section, Financial Affairs Department.

This information is analysed by a special group within the State Tax Committee and, if indications are found of transformation into cash, tax evasion and unusual banking transactions, there is additional monitoring of their activities.

The third change is a tax on the financial sector, in the form of a Financial Activities Tax on profits and remuneration at big banks that enjoy implicit government guarantees.

Belarus has an effective mechanism for detecting illegal financial activity by non profit organizations, all of whose financial transactions are checked for taxation purposes.

The draft law will strengthen the requirement to declare large financial transactions which exceed a certain amount.

Could Thailand please confirm whether such professionals do report suspicious transactions to the Thai Financial Intelligence Unit?

(b) Financial contracts governed by netting agreements, except a receivable owed on the termination of all outstanding transactions