A tax on currency transactions as an instrument in the war against poverty

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cepal.bibLevelSección o Parte de un Documento
cepal.callNumberX/C 22(89/2006)
cepal.docTypeRevistas
cepal.idSade27591
cepal.topicEngFISCAL AFFAIRS
cepal.topicEngECONOMIC GROWTH
cepal.topicSpaASUNTOS FISCALES
cepal.topicSpaCRECIMIENTO ECONÓMICO
dc.contributor.authorWilliamson, John
dc.date.accessioned2014-01-02T18:44:15Z
dc.date.available2014-01-02T18:44:15Z
dc.date.issued2006-08
dc.descriptionIncludes bibliography
dc.description.abstractThis paper considers whether a tax on currency transactions could be expected to raise a significant sum of money for use in the war on poverty. It traces the detailed discussion of Kenen and the subsequent argument of Schmidt, that technical developments would now permit the tax to be levied efficiently by the five authorities who issue currencies in which transactions are settled. It notes the creation of the CLS Bank and the proposal to confine a currency transactions tax to transactions that go through that bank, but argues that this would have dangers. It notes also Spahn's proposal for a geographically limited tax, but argues that this would not be advantageous if the aim is to raise revenue. The final verdict is that a currency transactions tax of 1 basis point would be feasible and could be expected to raise a sum of the order of US$ 20 billion per year.
dc.formatTexto
dc.format.extentpáginas. 85-93
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.2312-P
dc.identifier.urihttps://hdl.handle.net/11362/11161
dc.language.isoeng
dc.physicalDescriptionp. 85-93
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo89
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordUn impuesto sobre las transacciones cambiarias como instrumento de lucha contra la pobreza
dc.relation.translationUrihttps://hdl.handle.net/11362/11127
dc.subject.unbisEngBANKS
dc.subject.unbisEngPOVERTY MITIGATION
dc.subject.unbisEngSPOT EXCHANGE TRANSACTIONS
dc.subject.unbisEngTAX REVENUES
dc.subject.unbisEngTAXATION
dc.subject.unbisSpaBANCOS
dc.subject.unbisSpaINGRESOS FISCALES
dc.subject.unbisSpaMITIGACION DE LA POBREZA
dc.subject.unbisSpaTRANSACCIONES CAMBIARIAS AL CONTADO
dc.subject.unbisSpaTRIBUTACION
dc.titleA tax on currency transactions as an instrument in the war against poverty
dc.type.coarrevista
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