Financial transactions tax: No surrogates, please

Commentary feature. The author is Secretary General of the international alliance of Catholic development agencies CIDSE. He writes that 'Since economist James Tobin launched the idea in 1972, we have never been closer to the implementation of a financial transaction tax (FTT). However, we risk getting a tax with its name, but only few of the characteristics which make it a tool for equity and sustainable development. Only the original can help to cure an ailing financial system, not a stripped down surrogate'.

ESO: Background information: Nine EU countries form splinter group on financial tax http://www.europeansources.info/record/nine-eu-countries-form-splinter-group-on-financial-tax/

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