A Compound Tobin Tax: A Political Economy Investigation
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Authors
Arestis, P
Karagiannis, N
Publication Date
2022Journal Title
Panoeconomicus
ISSN
1452-595X
Publisher
National Library of Serbia
Type
Article
This Version
VoR
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Arestis, P., & Karagiannis, N. (2022). A Compound Tobin Tax: A Political Economy Investigation. Panoeconomicus https://doi.org/10.2298/PAN211204013A
Abstract
<jats:p>The paper focuses on international tax proposals and analyzes rationales and challenges for adopting a com-pound global tax. It is proposed here that such a compound global tax instrument would mainly need to focus on two tiers. The one, based on the U.S. President Joe Biden?s 2021 suggestion, would need to close off tax avoidance and tax evasion possibilities for large multinational and transnational corporations; and the other, based on the James Tobin?s 1972-tax proposal, would seek to eliminate the speculative dimension of international foreign exchange dealings. These tiers are discussed extensively in this contribution, concluding with the suggestion that policy coordination is paramount.</jats:p>
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None
Identifiers
External DOI: https://doi.org/10.2298/PAN211204013A
This record's URL: https://www.repository.cam.ac.uk/handle/1810/332748
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