ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Tobin Tax: An Idea Whose Time Has Come

Canada has passed a motion calling for an international tax on financial transactions. Such a tax, first proposed by James Tobin in 1972, would slow down short-term speculative capital flows while leaving unaffected genuine long-term investment. The difficulties in adopting such taxation are political not technical.

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