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.
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...
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.
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.
* Only 11 euro zone countries to impose planned tax * UK, Swiss financial centres will be outside the scheme ...
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.
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.
We don't need ads from candidates. We need commitments from them -- to rein in our economic casino.
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 ...
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.
BERLIN (AP) — Germany's opposition leader says Chancellor Angela Merkel's government must introduce a financial transaction tax to secure his center...
COPENHAGEN, Denmark -- Tentative support from Sweden for a small levy on share purchases may open the door for a limited tax on financial transactions...
WASHINGTON -- Advocates of a tiny but lucrative tax on financial transactions are increasingly hopeful that President Barack Obama's need to more firm...
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.
WASHINGTON -- A minuscule tax on financial transactions proposed by congressional Democrats would raise more than $350 billion over the next nine year...
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.
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.
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.
Mr. Philip Dittmer's dismissive assertion that the transaction tax proposal is without merit and is not seriously being considered underscores his fun...
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.
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.
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.
This Week's Basel Accord and New Poll Show How to Prevent Wall Street Meltdowns and Reduce the Debt with One Tool This week's news made the path for ...
Wall Street banks have been saved from bankruptcy by governments that are now going bankrupt themselves; but the banks are not returning the favor. Wall Street needs to be made to pay its fair share, but how?
Stiglitz explains the future of the Euro Zone, how it was possible to create a moral vacuum on Wall Street, why US citizens do not take their anger to the streets and how the US should follow Greece and start regulating now.
