UNUnited Nations
Español
English
ABOUT ECLACLIBRARYTERMS OF USEABOUT THIS REPOSITORY
Home

DIGITAL REPOSITORY
Economic Commission for Latin America and the Caribbean

EVENTSPROJECTS
GENDER AFFAIRSINTERNATIONAL TRADE AND INTEGRATIONECONOMIC DEVELOPMENTPRODUCTION, PRODUCTIVITY AND MANAGEMENTSOCIAL DEVELOPMENTSUSTAINABLE DEVELOPMENT AND HUMAN SETTLEMENTSSTATISTICSPLANNING FOR DEVELOPMENTPOPULATION AND DEVELOPMENTNATURAL RESOURCES
COUNTRY/REGIONRECENT SUBMISSIONSCOLLECTIONS☰
View Item 
  •   Home
  • Publicaciones Periódicas, Revistas y Boletines
  • Revistas
  • Revista CEPAL
  • View Item
  •   Home
  • Publicaciones Periódicas, Revistas y Boletines
  • Revistas
  • Revista CEPAL
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

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

Revistas
Thumbnail
Download
Document in English (99.16Kb)
Date
2006-08
Author
Williamson, John
UN Symbol
LC/G.2312-P
Metadata
Show full item record
Abstract
This 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.
Translation
Un impuesto sobre las transacciones cambiarias como instrumento de lucha contra la pobreza
Published in:
CEPAL Review   No.89

See all articles of this issue

Serie
CEPAL Review
ECLAC Subtopics
FISCAL AFFAIRS ; ECONOMIC GROWTH
United Nations Subtopics
BANKS ; POVERTY MITIGATION ; SPOT EXCHANGE TRANSACTIONS ; TAX REVENUES ; TAXATION
URI
https://hdl.handle.net/11362/11161
Collections
  • Revista CEPAL

en

  • ABOUT ECLAC
  • Member States
  • Subsidiary Bodies
  • ECLAC senior staff
  • Employment opportunities
  • Procurement
  • HEADQUARTERS AND OFFICES
  • ECLAC - Mexico
  • ECLAC - Caribbean
  • ECLAC – Bogota
  • ECLAC – Brasilia
  • ECLAC – Buenos Aires
  • ECLAC – Montevideo
  • ECLAC – Washington, D.C.
  • EVENTS
  • TRAINING
  • ILPES
  • TOPICS
  • Gender affairs
  • International trade and integration
  • Economic development
  • Production, productivity and management
  • Social development
  • Sustainable development and human settlements
  • Statistics
  • Planning for development
  • Population and development
  • Natural resources
  • PUBLICATIONS
  • DIGITAL REPOSITORY
  • UN Symbol
  • LIBRARY
  • PROJECTS
  • NEWS
  • Fotos
  • Videos
  • DATA AND STATISTICS
  • Observatories
  • FOLLOW US
  • ECLAC
    • Av. Dag Hammarskjöld 3477
    • Vitacura, Santiago de Chile
    • Telephone: (56-2) 2471 2000 • 2210 2000
    • Address: Casilla 179-D, Santiago de Chile
    • Postal code: 7630412
  • ECLAC SUBREGIONAL HEADQUARTERS IN MEXICO, MEXICO, D.F.
    • Corporativo MCS, Av. Miguel de Cervantes Saavedra #193 piso 12
    • 11520 México D.F., México
    • Telephone: (52 55) 4170.5600
  • ECLAC SUBREGIONAL HEADQUARTERS FOR THE CARIBBEAN
    • 1 Chancery Lane, P.O. Box 1113
    • Port of Spain, Trinidad and Tabago
    • Telephone: (868)224-8000
    © ECLAC - United Nations | Terms of Use | Contact