Fri, Apr 20, 2018
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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its