One of the issues being tossed around is a Tobin tax on currency transactions.
Yes, a Tobin Tax (or a financial transactions tax, or FTT) would indeed kill HFT.
Yet IMF head Dominique Strauss-Kahn is no fan of introducing a so-called "Tobin Tax" on financial transactions.
Whether a Tobin Tax would affect volatility in the same way as underlying market transaction costs is not clear.
Some Tobin tax supporters want to keep the rate flexible, so that it can be raised in times of crisis.
As we know the germ of the idea is the Tobin Tax: specifically devised to stop speculation in the FX markets.
FORBES: The European Financial Transactions Tax: An Interesting Detail
Some observers have also suggested a tax on currency exchange, the so-called Tobin tax, to increase the cost of short-term speculation.
Once the fuss died down and monetary union stayed on course, however, the Tobin tax faded from the European agenda until now.
Meanwhile, the European Union has been calling on the IMF to back the plans for a so-called "Tobin Tax" on international transactions.
The tax - also known as the "Tobin tax" or "Robin Hood tax" - would be placed on each individual financial transaction.
For more than a decade, forum-goers have been pushing the idea of the Tobin Tax - a tax on international currency transactions.
Such a levy is dubbed a Tobin tax after economist James Tobin, who mooted a global tax on currency trades in the 1970s.
Later in 1996, the UNDP research project resulted in publishing of a text entitled The Tobin Tax by Mahbub ul Haq et. at.
CENTERFORSECURITYPOLICY: U.S. narrowly avoids "globotaxes" -- this time
Today saw French President Nicholas Sarkozy advocating for a Tobin Tax, a tax on spot currency conversions as a funding mechanism for development aid.
The tax, known as the Tobin tax after the economist who came up with the idea, was proposed by the EC in September 2011.
BBC: Financial transaction tax tabled by European Commission
Given that, in the political rhetoric, all our problems have been caused by the banks, why not tax the banks with a financial transactions tax, a Tobin tax?
The IDS concludes that a multi-lateral Tobin Tax would be preferable but it could be effective if implemented unilaterally, at least if that were done in a large economy.
The Robin Hood tax, sort of like a Tobin tax, was proposed by Germany as a means to raise revenue for countries hit hard by the 2008 housing and credit markets crash.
FORBES: Occupy Wall Street's 'Robin Hood Tax' A Tough Sell At G20
As our group visited his birthplace and country home and other landmarks, we were followed and harassed by French demonstrators whose main cause was the Tobin Tax, or a tax on financial transactions.
Among the tax options on the table, which also include a global financial transaction fee (called a "Tobin tax" after Nobel-winning economist James Tobin, who proposed a tax on foreign-currency transactions in the 1970s) and a Bonus Tax, a risk-based fee is the most efficient solution.
On September 28th it formally proposed a financial-transactions tax (FTT), otherwise known as a Tobin tax after James Tobin, a Nobel economics laureate who put forward a similar scheme for currency markets in 1972 or a Robin Hood tax by those who want to use the proceeds for aid purposes.
Europe's first 'Tobin tax', named after economist James Tobin who mooted a global tax on currency trades in the 1970s, levies 0.1 per cent on stock and bond trades and 0.01 per cent on derivatives transactions involving one financial institution with its headquarters in the tax area, or trading on behalf of a client based in the tax area.
However, this is the original paper in the current round of arguments in favour of such a Tobin or FT Tax.
Last week, UK Finance Minister George Osborne said he opposed a Tobin-style tax on derivatives such as forex contracts, options and futures, unless they were applied globally.
FORBES: Occupy Wall Street's 'Robin Hood Tax' A Tough Sell At G20
According to Ohio State tax professor Donald Tobin, quite a lot actually. (Thanks to the TaxProf blog for posting this).
He learnt his economics at Yale under James Tobin (whose proposal for a tax on foreign-exchange transactions he argued against within the commission).
James Tobin had originally proposed that revenues from the tax be used for aid to poor countries.
James Tobin, an American economist, first proposed a tax on cross-border capital flows in 1972, amid the collapse of the Bretton Woods system of fixed exchange rates.
The tax, named after the Nobel Prize-winning economist James Tobin, was originally designed to discourage volatile currency trading and also had the potential to help developing nations, but many supporters now say it is one way to ensure that banks do not take excessive risks that could trigger another financial crisis.
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