The Tobin Tax Lives Again

That is why we are opposed to it, but will vote for your report without a Tobin tax, and against it with one.

The adoption of the Tobin tax on a global scale will be impossible.

Commissioner, you mentioned Tobin tax.

Principle of free movement of capital tax on foreign exchange transactions Stability of financial markets

Finally, Mr Wurtz mentioned the notorious Tobin tax.

For the reasons set out above, I cannot see a good reason for introducing a European Tobin tax.

3.2 During the 1970s James Tobin proposed a currencies transaction tax (CTT), the Tobin tax , to reduce destabilising currency speculation.

3.2 During the 1970s James Tobin proposed a currencies transaction tax (CTT), the Tobin tax , to reduce destabilizing currency speculation.

Developing nations should also push for a Tobin tax a tax on global foreign currency transactions.

There is only one reference to the tax on flows of speculative capital the so called Tobin tax.

The majority in this House has therefore repeatedly rejected the Tobin Taxes.

3.2 During the 1970s this was further developed by James Tobin, since when it has been called the Tobin tax.

3.2 During the 1970s this was further developed by James Tobin, since when it has been called the Tobin tax .

Subject Tobin tax and the international financial architecture In the Presidency' s view, which European institution would be most appropriate, in the context of international economic and financial relations, to promote the introduction of a Tobin tax and, should the circumstances arise, to administer such a tax?

The Tobin tax will bring some transparency to a very obscure question.

One of the conclusions of my report is that the Tobin tax will not work.

One of the demands being made is for taxation on currency transactions, a so called Tobin tax.

Has any Member State proposed that the Treaty be amended to facilitate a 'Tobin tax'?

Subject Political and technical obstacles to the introduction of a Tobin style tax The Council is well aware of the broad support and growing popularity enjoyed by the proposal for a Tobin style tax.

What the Tobin tax does not do is help with longer term misalignments in financial markets.

The low rate Tobin tax would not cause tax recycling problems.

Madam President, the revenue basis of the Tobin tax is said to be made up of very short term exchange transactions.

Mr President, just now you mentioned those opposed to the Tobin tax, particularly G7.

To start with, the resolution does not in any way speak in favour of, or against, the Tobin tax.

3.2.1 Tobin himself already talked about using the revenues from the tax for financing development.

So the Tobin tax can only be effective if there is a sufficient number of industrialised countries which are prepared to participate.

Actually, one could say that, in fact, this report fits in perfectly with the Tobin tax action points.

I am not sure that it is the task of the President in Office of the Council to attempt to make an assessment on behalf of the Council of a tax that the honourable Member calls an attempt at a Tobin tax.

The administrative difficulties in implementing a Tobin tax are not insurmountable, as long as all major advanced countries go along.

He stated, I think there is a case for a Tobin tax ... (but) it is not at all clear to me that a Tobin tax would reduce volatility in the currency markets.

That seems to be far more fruitful than another instance of polarisation concerning the method yes or no to the Tobin tax.

Would the Council be willing to consider establishing a 'Tobin area' at European Union level, i.e. imposing a Tobin tax on Europe' s financial markets, which account for 50 of world currency exchange transactions?

The report considers two perspectives firstly, in relation to the so called Tobin tax as an instrument for stabilising the currency markets, the analysis leads us to the conclusion that it is difficult to imagine that this tax would make a fundamental contribution to the stability of exchange rates.

With regard to the Tobin tax as a means of preventing future currency crises, it has to be realised that the causes of a currency being overvalued cannot be averted through taxation.

Nor would a Tobin tax stand in the way of financial markets punishing governments that grossly mismanage their economies.

In this respect, Mr Bolkestein, the motion for a resolution cannot be separated from the issue of the Tobin tax.

What impact would the introduction of a Tobin tax have in terms of combating worldwide currency speculation?

Reference has been made here today to the Tobin tax, but I think that this will be impossible to implement.

A Tobin tax would raise the cost of short term finance, some argued, somehow missing the point that this is in fact the very purpose of a Tobin tax.

The Council has not yet discussed the possibility of introducing a tax on movements of capital as Professor Tobin suggested.

Taking into account the considerable volume of short term financial streams, even a low nominal Tobin tax would yield respectable sums of tax revenue.

Does the Council not think that a Tobin style tax would be desirable in the interests of restoring balance in this area?

I take note of the fact that, fortunately, moreover, there are proponents of the Tobin tax on all sides of the house.

I would therefore like to repeat the question which was dismissed last time as being far too national, and which concerns the Tobin tax.