Mon, May 30, 2016
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. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  4. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year

  5. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit