The emotional appeal of a tax on all financial transactions is undeniable.

Consider, for example, a tax of 0.25 applied to all cross border financial transactions.

2210 Tax on foreign exchange transactions

Financial transactions

Moreover, a high corporate tax rate is an ineffective and costly tool for producing revenues, owing to innovative financial transactions and legal tax avoidance mechanisms.

A leading policymaker in the Anglo American empire of finance actually came out in support of a Tobin tax a global tax on financial transactions.

A tax on speculative transactions was therefore necessary to stabilize financial markets in the developing countries and finance development.

A tax on stock transactions encourages longer term holdings.

CAMBRIDGE European leaders are seriously considering a Tobin tax, which would put a small levy on financial transactions, thereby dampening trading.

Developing nations should also push for a Tobin tax a tax on global foreign currency transactions.

Existing proposals include a Robin Hood tax on financial transactions, a share of the profits from the EU s carbon emissions trading scheme, or a larger take from value added tax receipts.

To be effective, any tax on financial transactions would have to be implemented on a global scale, which currently does not seem realistic.

Forms for reporting suspicious financial transactions

CAMBRIDGE European leaders are seriously considering a Tobin tax, which would put a small levy on financial transactions, thereby dampening trading. But will the tax do as much as its proponents hope?

The Tobin tax was primarily a fiscal tool, and many countries had taken up the idea in order to monitor national financial transactions without causing serious distortions in financial activity.

As of now, Europe s Tobin tax proposals are not well targeted. Sound transactions would be taxed along with destabilizing, overnight financing of fragile financial institutions.

As a result, the ultimate revenue gains are likely to prove disappointing, as Sweden discovered when it attempted to tax financial transactions two decades ago.

Turner, voicing his concerns about the size of the financial sector and its frequently obscene levels of compensation, said he thought a global tax on financial transactions might help curb both.

Establishment of a financial investigation unit to monitor illicit financial transactions.

Issuing decrees on the suspension of financial transactions

It is time for an international tax on bank profits perhaps implemented as a levy on international financial transactions which would raise tens of billions of dollars each year.

One proposal calls for taxing national and international financial transactions.

All financial transactions therefore require clearance from two authorized officers.

Question on the requirement to report suspicious transactions by all financial institutions, as well as by insurance companies and other such intermediaries engaged in financial transactions.

CAMBRIDGE Something happened in late August that I never thought I would see in my lifetime. A leading policymaker in the Anglo American empire of finance actually came out in support of a Tobin tax a global tax on financial transactions.

For example, a so called Tobin tax on financial transactions is a frequently proposed solution, but it is not a policy solution that could be implemented by corporate law judges.

Other policies, such as redirecting subsidies paid by rich countries to the fossil fuel industry, or levying a tax on financial transactions, could provide a further 10 billion each year.

Australia's financial intelligence unit, AUSTRAC, also monitors the financial transactions of NPOs in the same way that it monitors other organizations, by scrutinizing their international funds transfer instructions, significant cash transactions, suspect transactions and international currency transfers.

The transactions were in accordance with the Financial Regulations and legislative authority.

6. Financial transactions are recorded in the accounts on an accrual basis.

Support for a global financial transaction tax is growing.

The first conclusion of the report was that global environmental taxes and the Tobin tax on currency transactions could yield substantial revenues at a very low tax rate.

Previous positions include Director, International Tax Relations, Tax Policy Department Director, Tax Department, Italian Banking Association and Economic Adviser to the Minister of Finance for international tax policy and financial tax issues.

The legal system in the Netherlands reportedly provided for adequate supervision of financial institutions, as well as those involved in financial transactions, such as notaries, lawyers and car dealers, and required them to report unusual financial transactions.

Revenue estimates for a small tax on international currency transactions run into hundreds of billions of dollars per year.

In fact, a tax on foreign exchange transactions the so called Tobin tax, advocated by the late Nobel laureate economist James Tobin might be the simplest way to go.

The huge losses on derivate transactions were generated by AIG s financial products unit.

Recommendation 8 concerning greater and more efficient use of exchanges of information proposes that countries should undertake programmes to intensify exchange of relevant information concerning transactions in tax havens and preferential tax regimes constituting harmful tax competition.

These issues of tax havens, looted funds, bribery, and corruption are at the nexus of the urgent need to foster openness and transparency in financial transactions, and to ensure accountability at the global level.

1.5 Paragraph 1 of the resolution requires that the legal obligation to report suspicious transactions should extend to all professions engaged in financial transactions.

In addition, the exercise of due diligence with customers and financial transactions, as well as established procedures to report suspicious transactions, are also important.

Sound transactions would be taxed along with destabilizing, overnight financing of fragile financial institutions.

All financial transactions are ultimately channelled through London, and United Kingdom bank rates apply.

The transactions were in accordance with the Financial Regulations and the relevant legislative authority.

Previous positions include head of the committee reviewing tax law Assistant to the Director, Income Tax Department and head of Income Tax Section, Financial Affairs Department.