A tax on currency transactions as an instrument in the war against poverty
Includes bibliography
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2014
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oai-11362-111612020-03-06T16:50:27Z A tax on currency transactions as an instrument in the war against poverty Williamson, John BANCOS INGRESOS FISCALES MITIGACION DE LA POBREZA TRANSACCIONES CAMBIARIAS AL CONTADO TRIBUTACION BANKS POVERTY MITIGATION SPOT EXCHANGE TRANSACTIONS TAX REVENUES TAXATION Includes bibliography This paper considers whether a tax on currency transactions could be expected to raise a significant sum of money for use in the war on poverty. It traces the detailed discussion of Kenen and the subsequent argument of Schmidt, that technical developments would now permit the tax to be levied efficiently by the five authorities who issue currencies in which transactions are settled. It notes the creation of the CLS Bank and the proposal to confine a currency transactions tax to transactions that go through that bank, but argues that this would have dangers. It notes also Spahn's proposal for a geographically limited tax, but argues that this would not be advantageous if the aim is to raise revenue. The final verdict is that a currency transactions tax of 1 basis point would be feasible and could be expected to raise a sum of the order of US$ 20 billion per year. 2014-01-02T18:44:15Z 2014-01-02T18:44:15Z 2006-08 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/11161 LC/G.2312-P en CEPAL Review CEPAL Review 89 application/pdf |
institution |
Cepal |
collection |
Cepal |
language |
English |
topic |
BANCOS INGRESOS FISCALES MITIGACION DE LA POBREZA TRANSACCIONES CAMBIARIAS AL CONTADO TRIBUTACION BANKS POVERTY MITIGATION SPOT EXCHANGE TRANSACTIONS TAX REVENUES TAXATION |
spellingShingle |
BANCOS INGRESOS FISCALES MITIGACION DE LA POBREZA TRANSACCIONES CAMBIARIAS AL CONTADO TRIBUTACION BANKS POVERTY MITIGATION SPOT EXCHANGE TRANSACTIONS TAX REVENUES TAXATION Williamson, John A tax on currency transactions as an instrument in the war against poverty |
description |
Includes bibliography |
format |
Texto |
author |
Williamson, John |
author_facet |
Williamson, John |
author_sort |
Williamson, John |
title |
A tax on currency transactions as an instrument in the war against poverty |
title_short |
A tax on currency transactions as an instrument in the war against poverty |
title_full |
A tax on currency transactions as an instrument in the war against poverty |
title_fullStr |
A tax on currency transactions as an instrument in the war against poverty |
title_full_unstemmed |
A tax on currency transactions as an instrument in the war against poverty |
title_sort |
tax on currency transactions as an instrument in the war against poverty |
publishDate |
2014 |
url |
http://hdl.handle.net/11362/11161 |
work_keys_str_mv |
AT williamsonjohn ataxoncurrencytransactionsasaninstrumentinthewaragainstpoverty AT williamsonjohn taxoncurrencytransactionsasaninstrumentinthewaragainstpoverty |
_version_ |
1718433793265631232 |