The EU Financial Transaction Tax Debate

November 19th, 2013 by Kara in Case Studies

Levying financial transaction taxes is hardly a new idea. John Maynard Keynes proposed charging some form of tax for financial transactions in the early twentieth century, as did Nobel laureate James Tobin in the 1970s, whose eponymous tax encapsulates the idea of ‘throwing sand in the wheel’ to slow down excessive trading in the market. In the current economic and political climate, as the world is still recovering from the 2008 financial crisis, it is easy to understand why the notion of FTTs is alluring in Europe. The continent was one ...