Thursday, December 08, 2011

Tax on Financial Transactions

This article gives a good explanation about the implications of a tax on financial transactions. I disagree with the views of the writer, who is the senior editor of CNBC. I agree with the views of several economists, including Keynes, Krugman and others, who argue that it will reduce financial speculation and give revenue to governments. But, we will need an international agreement on the rate of tax, so that it can be implemented worldwide.

1 comment:

Tan Kin Lian said...

Here are the people and the reasons for supporting this tax on financial transactions. Bill Gates has spoken in support of it also.

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