The Tobin Tax: A Review of the Evidence

McCulloch, M. and Pacillo, G.
IDS Research Summary of IDS Research Report 68
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McCulloch, N. and Pacillo, G.(2011) 'The Tobin Tax: A Review of the Evidence'
The Tobin tax, a small levy on foreign exchange transactions, should theoretically discourage speculation and thereby stabilise markets. What is the evidence for and against Tobin and other financial transaction taxes regarding their impact on market volatility, their feasibility and the revenue they might produce, and who ends up paying?
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Neil McCulloch

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