Revenue Potential of the Currency Transaction Tax for Development Finance: A Critical Appraisal

Machiko Nissanke

No DP2003-81, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The paper assesses the potential of currency transaction taxes (CTT, widely known as the Tobin tax), to raise revenue for global development. Though Tobin proposed and others assessed CTTs in terms of reducing exchange rate volatility and improving macroeconomic policy environments, this paper considers the CTT first and foremost from the standpoint of revenue.

Keywords: Economic assistance and foreign aid; Globalization; Public goods; Taxation; Law and legislation (Taxation) (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (7)

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