Publication

This report suggests a two-phased approach for implementing the Tobin tax regime. The author examines the political possibility and analyzes in particular the positions of the USA, the UK and the EU. The paper also looks at some of the major problems associated with currency transaction taxation with regards to the UN, the International Monetary Fund (IMF) and the World Bank. Additionally, the author reviews taxation issues related to justice and democracy in a global context, such as the impact of the national sovereignity, authority and redistribution.