{"id":5319,"date":"2009-11-09T12:05:17","date_gmt":"2009-11-09T10:05:17","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=5319"},"modified":"2009-11-09T12:05:17","modified_gmt":"2009-11-09T10:05:17","slug":"tobin-or-not-tobin","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2009\/11\/09\/tobin-or-not-tobin\/","title":{"rendered":"Tobin or not Tobin"},"content":{"rendered":"<p><a href=\"http:\/\/www.ft.com\/cms\/s\/3\/e16e751a-cc96-11de-8e30-00144feabdc0.html\">FT.com \/ Lex \/ Finance &amp; governance - Tobin or not Tobin<\/a>.<\/p>\n<p>Full marks to Gordon Brown for suggesting a Tobin tax this weekend. He joins many governments in supporting such a tax.<\/p>\n<p>No marks to the FT for saying:<\/p>\n<blockquote><p>The Tobin tax should remain a curiosity of economic history.<\/p><\/blockquote>\n<p>That if course is true if you wish to promote anti-social activity at cost to the rest of society. Not otherwise.<\/p>\n<p>And no marks at all for arguing:<\/p>\n<blockquote><p>Getting all the world&rsquo;s financial centres to sign up, however, seems highly unlikely. Transactions will then migrate to places where the tax is not imposed; creative financial minds are likely to find ways around it in any case.<\/p><\/blockquote>\n<p>This is just wrong. 20 banks dominate this trade. You fine them out of existence of they do not comply: upholding the rule of law is absolutely vital and banks are not above it.<\/p>\n<p>Technically this is also wrong: thi tax can be applied to sterling without any agreement from any other nation. All sterling eventually flows through the Bank of England. Taxing it is easy.<\/p>\n<p>Let's stop the myths and excuses: let's deliver the tax.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FT.com \/ Lex \/ Finance &amp; governance &#8211; Tobin or not Tobin. Full marks to Gordon Brown for suggesting a Tobin tax this weekend. He<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2009\/11\/09\/tobin-or-not-tobin\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[164],"class_list":["post-5319","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-transaction-tax"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/5319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=5319"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/5319\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=5319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=5319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=5319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}