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THE TOBIN TAX: SHIFTING THE TAX BURDEN FROM WAGES TO WAGERS

The Center for Economic and Policy Research, a not-for-profit research and educational institution in Washington, DC, together with the Halifax Initiative in Vancouver, Canada, is conducting a program of research and education on the benefits of a small tax on financial transactions -- often called a "Tobin Tax" after one of its earliest advocates, Nobel Laureate economist James Tobin. Such a tax would discourage speculation, increase the efficiency of financial markets and the tax system, raise revenues, and shift the burden of taxation away from the bottom of the income distribution.

As part of this program, we are circulating the following:

  • A paper, "From Wages to Wagers" by CEPR Co-Director Dean Baker on the benefits of a transactions tax. (The executive summary of the paper is also available in Spanish.)

Please send comments and queries to:

Robert Naiman, Senior Policy Analyst
Center for Economic and Policy Research
1621 Connecticut Ave, NW Suite 500
202-293-5380 x212
202-588-1356 (fax)
naiman@cepr.net

 

 


 


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