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Author Michalos, Alex C.
Title Good taxes : the case for taxing foreign currency exchange and other financial transactions / Alex C. Michalos.
Imprint Toronto [Ont.] : Dundurn Press, ©1997.

Author Michalos, Alex C.
Series Science for Peace. Dundurn series
Dundurn series.
Subject Foreign exchange futures -- Taxation -- Canada.
Foreign exchange futures -- Taxation -- United States.
Securities -- Taxation -- Canada.
Securities -- Taxation -- United States.
Alt Name Science for Peace (Association)
Description 1 online resource (viii, 87 pages).
Note Co-published by Science for Peace.
Bibliography Note Includes bibliographical references (pages 79-84).
Contents The politics of debt, taxes and services -- Bretton Woods and foreign currency exchange activity -- The idea of a tobin tax -- Arguments in favour of taxing financial transactions -- Arguments against taxing financial transactions -- Conclusion.
Summary Financial transactions taxes are in force in all the major developed countries except the USA and Canada. Typically the tax is 0.25% or less, paid whenever stocks and shares or bonds, etc. change hands. The tax originally proposed by Tobin would be a new tax applicable to all international transactions in which currency is exhanged. A similar tax in North America could bring in billions of dollars, even if the tax were as low as 0.1%. In Good Taxes, Alex Michalos puts forth the argument in favour of a financial transactions tax. He looks at the tax as being a benefit to the countries that colle.
Note Print version record.
ISBN 9781554881789 (electronic bk.)
1554881781 (electronic bk.)
9781554886036 (e-book)
1554886031 (e-book)
9781459720695 (electronic bk.)
1459720695 (electronic bk.)
Publisher # MWT11839912
OCLC # 244770750
Additional Format Print version: Michalos, Alex C. Good taxes. Toronto, Ont. ; Oxford : Dundurn Press : Science for Peace, ©1997 0888669542 9780888669544 (OCoLC)36693080

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