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International Taxes on Financial Transactions: CIDSE Position Paper (December 2009)

Rethinking Bretton Woods | Sat, Jan 30, 2010

By CIDSE

Given the current political dynamics and the momentum around the introduction of financial transaction taxation (FTT), the Resources for Development Working Group has released a paper on the Financial Transaction Tax.

It is an update of the CIDSE position and reflects recent developments and outlines a number of arguments to promote an international financial transaction tax. It also tries to clarify the debate on international taxes on financial transactions as there is currently a lot of confusion around the type of tax that is being discussed. The paper also deals with different aspects of FTT implementation such as its benefits for the global economy and developing countries in particular, feasibility, use of revenues, etc.

Click here to download paper.