Tobin Tax

Robin Hood: the long view from Ha-Joon Chang (and me)

admin - April 19, 2011

This appeared in today’s Guardian and on its Comment is Free site yesterday. CiF is notable for the number and vehemence of comments, many of them slightly unhinged. 100 comments in the first two hours is about par for the course, evoking images of lots of angry people in bedsits and offices bashing away at their keyboards. Keeps them off the streets, I suppose. Robin …

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The Robin Hood Tax takes off: update, arguments and counterarguments

admin - March 1, 2010

The Robin Hood Tax campaign has certainly struck a nerve. On the one hand, huge public support (within three weeks of the launch, 300,000 views of the Bill Nighy youtube, 120,000 fans on Facebook, 30,000 signed up on email) and serious political interest (UK parliamentary launch with 80 MPs, lobby meetings with all the major parties). But also a significant amount of ‘pushback’ in the blogosphere …

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The Robin Hood Tax campaign is launched today – check it out

admin - February 10, 2010

I’ve blogged a few times on the momentum building behind the introduction of a Financial Transactions Tax (see here). Today it steps up a gear with the launch of international campaign calling for a ‘Robin Hood Tax’ (much more memorable!), with the full campaign repertoire – op-eds, a letter signed by 350+ economists, a dedicated website with lots of background materials, and a great youtube (see below) …

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Tobin tax update: how momentum is building for a Financial Transactions Tax

admin - December 17, 2009

The momentum behind the Financial Transactions Tax (a tiny levy of 0.005% on all financial trades would raise about $30bn a year for climate change, development and/or filling fiscal holes) continues to grow since my last post (Why has the Tobin Tax gone mainstream?). The French government, which as far back as 2003 was the first to seriously propose the tax, portrays it as one …

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Why has the Tobin Tax gone mainstream?

admin - November 11, 2009

So the Tobin Tax finally went large at the G20 finance ministers’ meeting last weekend. Gordon Brown supported a financial transactions tax to repay some of the costs of the bailout and provide extra cash for development and climate change action, and a predictable backlash promptly consumed the finance pages. I won’t rehearse the press coverage (try Heather Stewart or Larry Elliott in the Guardian for …

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How to find $280bn for poor countries this weekend

admin - September 4, 2009

This weekend the finance ministers of the G20 – the world’s most powerful nations -will meet in London.  While the rich world’s green shootists apparently feel that the worst of the economic crisis is behind us, the poorest countries are being hammered, with those living on the margins of the global economy paying the highest price for the bankers’ folly. Here are 3 easy ways …

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Why my wife is half-right on the Tobin Tax

admin - December 9, 2008

I’ve always been a bit of a Tobin Tax sceptic, which made for interesting domestic dynamics when my wife Cathy was director of War on Want, one of the main TT advocates in the UK (she’s since moved on to become a psychotherapist – I say it’s a natural progression from NGOs; she doesn’t think that’s funny). Now, however, even Dani Rodrik is weighing in …

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