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Financial Transaction Tax

The Case for a Financial Transaction Tax

Sean McElwee | Posted 12.12.2014 | Politics
Sean McElwee

Wall Street is one of the most reviled institutions in the United States, with a recent study finding the lowest trust in finance recorded over 40 years.

GOP Shakedown

Leo W. Gerard | Posted 01.23.2014 | Politics
Leo W. Gerard

The threat made by the Grumpy Obstructionist Party (GOP) is simple: "Gimme what I want or I'll kill the government." Democrats refused to pay the ransom by defunding the Affordable Care Act, so the GOP defunded the federal government.

President Clinton Congratulates France for Defining the Way Forward for Innovative Financing

Philippe Douste-Blazy | Posted 07.29.2013 | World
Philippe Douste-Blazy

If UNITAID proved how the power of numbers could be used to raise more money to combat extreme poverty, then we need to take the next step. Why can't we take microscopic contributions from the activities that most profit from globalization?

Europe and the FTT: Plunging Into Uncharted Waters

Danuta Hubner | Posted 06.08.2013 | World
Danuta Hubner

The financial transaction tax (FTT) has long been taboo on the U.S. and European economic policy scenes alike. Tides appear to be changing, however.

Mark Gongloff

Lawmakers Want To Tax Trades

HuffingtonPost.com | Mark Gongloff | Posted 02.28.2013 | Business

Democratic lawmakers have proposed a plan to solve two pesky, unrelated problems at once: The budget deficit and high-speed trading robots run amok. T...

Robin Hood: Taxing Men in Suits

Valiant Lowitz | Posted 04.24.2013 | Politics
Valiant Lowitz

A FTT is a small tax levied against the purchase/sale or transfer of the four main classes of financial assets: bonds, equities, foreign exchange and their derivatives.

Read My Lips: Yes, New Taxes

Leo W. Gerard | Posted 03.30.2013 | Politics
Leo W. Gerard

To equitably reduce the deficit in a way that maintains good faith with the American people requires tax increases. Yes, new taxes are necessary. Especially those focused on the speculators who caused the crash.

Experts: Big Banks Can Easily Dodge New European Tax

Reuters | Posted 03.25.2013 | Business

* Only 11 euro zone countries to impose planned tax * UK, Swiss financial centres will be outside the scheme ...

The Financial Transaction Tax: Globalization's Payback Time for the World's Poor

Philippe Douste-Blazy | Posted 03.12.2013 | World
Philippe Douste-Blazy

Last year, UNITAID released a study that demonstrates exactly what a country would need to do to implement an FTT. The study found that the introduction of such a tax on a national basis should have no significant negative impact on national financial markets.

Fiscal Cliff: Let's Call Their Bluff!

Ellen Brown | Posted 02.18.2013 | Politics
Ellen Brown

Slashing services, selling off public assets, and raising taxes won't cure these ills. To maintain a sustainable and productive economy requires a visionary leap into the new. A new economy needs new methods of public financing.

Gagging on an Ad Blitz of Empty Anti-Wall Street Rhetoric

Sam Pizzigati | Posted 12.15.2012 | Politics
Sam Pizzigati

We don't need ads from candidates. We need commitments from them -- to rein in our economic casino.

Finance Executives: Tax Us Before We Kill Again!

The Huffington Post | Mark Gongloff | Posted 06.25.2012 | Business

When an industry is all but begging you to tax it, maybe it's time to pay attention. Dozens of financial executives, including expats from Goldman ...

Greece and the Euro: Fifty Ways to Leave Your Lover

Ellen Brown | Posted 08.11.2012 | Business
Ellen Brown

The euro appears to be a marriage of incompatible partners. Fortunately, there are alternatives to an ugly divorce. Rules that can be bent for banks can be bent for people and nations.

One Country's Aim To Close The Gap Between Rich And Poor

AP | Posted 08.03.2012 | Business

BERLIN (AP) — Germany's opposition leader says Chancellor Angela Merkel's government must introduce a financial transaction tax to secure his center...

EU Considering New Way To Make Banks Pay For Bailouts

AP | GABRIELE STEINHAUSER and JAN M. OLSEN | Posted 04.01.2012 | Business

COPENHAGEN, Denmark -- Tentative support from Sweden for a small levy on share purchases may open the door for a limited tax on financial transactions...

Dan Froomkin

Will Obama Embrace 'Robin Hood Tax'?

HuffingtonPost.com | Dan Froomkin | Posted 12.16.2011 | Politics

WASHINGTON -- Advocates of a tiny but lucrative tax on financial transactions are increasingly hopeful that President Barack Obama's need to more firm...

FTT: RX for a Sick Economy

Rose Ann DeMoro | Posted 01.23.2014 | Politics
Rose Ann DeMoro

Nurses from four continents gathered at the G-20 Summit last week to tell world leaders that time is running out: revenue is needed now and the starting point is a global finance tax.

Ryan Grim

Wall Street Tax Would Raise $350 Billion

HuffingtonPost.com | Ryan Grim | Posted 01.07.2012 | Politics

WASHINGTON -- A minuscule tax on financial transactions proposed by congressional Democrats would raise more than $350 billion over the next nine year...

Light for the Dark Age of Banking

John Fullerton | Posted 01.04.2012 | Business
John Fullerton

The Dark Age of Banking reaches its twelfth anniversary today, November 4. History will no doubt judge the Financial Modernization Act, repealing Glass-Steagall, as the beginning of the dark, modern banking era.

Nurses Call the Question on Obama and Global Financial Transaction Tax -- Which Side Are You On?

Rose Ann DeMoro | Posted 12.28.2011 | Politics
Rose Ann DeMoro

With the constellation of the occupy protests and the broad international movement for the FTT, the moment for achieving the tax, and the critical revenue it can provide to help revive struggling economies, has never been greater.

Why We Need a Financial Transactions Tax

John Fullerton | Posted 10.25.2011 | Business
John Fullerton

The truth is simple: A modest financial transactions tax of less than 1 percent would serve as a remarkably efficient tool to achieve needed reform.

Tax Foundation Doesn't Get It!

Rep. Chaka Fattah | Posted 10.09.2011 | Politics
Rep. Chaka Fattah

Mr. Philip Dittmer's dismissive assertion that the transaction tax proposal is without merit and is not seriously being considered underscores his fun...

A Penny on the Dollar Can Buy Us a Debt Free America

Rep. Chaka Fattah | Posted 05.25.2011 | Politics
Rep. Chaka Fattah

We hear a lot of talk from my Republican colleagues in the House about fighting the problem of our national debt. Unfortunately, we hear little about solutions.

After Traveling Europe, Robin Hood Drops in on Congress

Michelle Chan | Posted 05.25.2011 | Green
Michelle Chan

What do French President Nicolas Sarkozy and Nobel Peace Laureate Desmond Tutu have in common? They both support taxing harmful financial speculation to pay for global goods.

Sophie Delaunay of Doctors Without Borders USA (MSF) on Global Health Financing

Rahim Kanani | Posted 05.25.2011 | Impact
Rahim Kanani

It's quite ironic that on one hand there has never been such strong mobilization and acknowledgement of global health needs, and still, the funding and policies do not proportionately match the momentum or awareness.