Named after Nobel Laureate economist James Tobin, who first proposed the idea in the 1970s, the funds collected from the tax (a fraction of 1% of the transaction) would be used as a global fund for development, and for recovering from crises like today's.
Blair channeled millions through a complicated web of companies, paying just a fraction in tax, it was reported.
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Last year two economists, Wojciech Kopczuk of Columbia and Emmanuel Saez of Berkeley, analyzed estate tax returns to calculate the fraction of the country's wealth held by its very richest citizens.
Fortunately, the JCT only has time to look at a fraction of the great tax ideas coming out of Congressional offices.
Tax-exemption is an astonishingly inefficient way to aid state and local governments precisely because only a fraction of the buyers are in the top tax bracket.
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Eventually it did get going in the summer but Money Box now knows that by Christmas fewer than 30, 000 had successfully filed their tax return using this method - a small fraction of the number the Revenue was hoping for.
Another pays tax to Ireland's equivalent to a tiny fraction of one percent.
Gauging average prices is difficult as sellers admit they only declare a fraction of what they make to the tax authorities: there's a 4% tax on house sales.
"I can't be the only person here who feels disappointed that such a great company as Google... will be reduced to arguing that when it employs thousands of people in Britain, makes billions of pounds of revenue in Britain, it's fair that it should pay just a fraction of 1% of that in tax, " he said.
You can make your own assumption on what fraction of your brokerage return is subject to tax every year.
The property tax that was to deliver 2bn euros will only raise a fraction of that.
In fact, such rate cuts would require only a fraction of carbon revenues if lawmakers also identify some significant tax breaks to go after.
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But because they would centrally rely on modern capital, labor and insurance markets, with a minimum of old fashioned tax and redistribution, they would achieve these goals at just a fraction of the costs of current programs.
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