Mon, Nov 20, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Mixed feelings about 'Tobin’ tax

Friday, January 13, 2012

Benedicte Gravrand, Opalesque Geneva:

There’s been a lot of commotion since the European Commission, in September 2011, released a Directive to put in place a Financial Transaction Tax (FTT). While MEPs seem more ready than ever to vote for the implementation of the tax, some experts warn of its potential "devastating" or "seismic" effects on the markets.

The latest reaction is a letter from EDHEC to the French Prime Minister, reminding him of the potential effect of such a tax – especially since the French government is planning to go ahead with it without waiting for the EU's go ahead.

EDHEC-Risk Institute sent a letter to French Prime Minister François Fillon on Tuesday, to appeal against the plans announced by French President Sarkozy earlier this month, to establish a financial transaction tax – aka a Tobin tax – this spring.

EDHEC-Risk Institute is part of EDHEC Business School, one of Europe’s leading business schools. The Institute had already sent a letter to the European Commission in July last year, complete with a research report on the effect of such a tax, advising a debate on the matter before making any decision.

"By deciding not to wait for the conclusion of this debate and by planning for France, without its European partners, to push ahead with the imposition of such a tax on......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  3. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W

  4. Investing - Six more Warren Buffett buys, including Southwest Airlines, Seth Klarman's Baupost Group bets on beaten-up health care, Roark Capital offers to buy Buffalo Wild Wings: Wall Street Journal[more]

    Six more Warren Buffett buys, including Southwest Airlines From Forbes.com: Our latest recommendation for aggressive investors is Restaurant Brands International . Hedge fund manager Bill Ackman has an incredible 40.1% of his fund at Pershing Square Capital Management invested in Restaur

  5. Investing - Tages Capital steps in to rescue Italy's Banca Carige, Hedge funds place $5.4bn bet on Toshiba's resurrection, Why outside investors are fleeing: John Paulson's 6 worst investments[more]

    Tages Capital steps in to rescue Italy's Banca Carige From TheTimes.co.uk: A little known London hedge fund has played a pivotal role in the first rescue of an Italian bank without state intervention since the country's bad debt crisis started three years ago. Banca Carige, a Genovese le