IMF staff warm to 'Robin Hood tax'
News||14 September 2011|update 77|
An August IMF working paper by staffer John Brondolo takes the IMF into new territory, giving detailed information on how financial transaction taxes (FTTs) could be implemented. The paper compares "administrative feasibility" of FTTs with the IMF preferred financial activities tax (FAT, see Update 71), finding that, "in principle, an FTT is no more difficult and, in some respects easier, to administer than other taxes." Campaigners for FTTs, dubbed 'Robin Hood taxes', welcomed the paper, and over 90 organisations wrote to IMF head Christine Lagarde in September asking her to "promote the widest possible adoption of FTTs to provide much needed funds for global public goods and discourage high frequency trading."
This text may be freely used providing the source is credited.
Published: 14 September 2011 , last edited: 14 September 2011
Viewings since posted: 1671
Climate Investment Funds Monitor 7: April 2013 25 April 2013
Working paper: The private sector and climate change adaptation: International Finance Corporation investments under the Pilot Program for Climate Resilience 24 April 2013
The UK's role in the World Bank and IMF: Department for International Development and HM Treasury 13 March 2013
The World Bank and industrial policy: Hands off or hands on? 6 December 2012
Climate Investment Funds Monitor 6: October 2012 26 October 2012