Taxing financial transactions – from the moral case to practical implementation
21 June 2011
More than 80 experts gathered in Brussels last week for a high-level debate on whether a Financial Transaction Tax (FTT) can help plug the funding gap caused by the financial crisis.
Representatives from the financial sector, politics, academia, NGOs and EU policy making circles participated in the event, which launched new research from IDS' Neil McCulloch on the feasibility of implementing a FTT.
As Dr McCulloch discussed in his blog post after the event, the tone of the debate on FTTs has moved from whether a FTT can viably be implemented, to how it can practically be introduced. He said: 'The question is no longer, "Should we have a FTT?", but instead, "How can we implement a FTT in a way that makes sense?".'
Delegates heard from keynote speakers Anni Podimata MEP, who authored a report supporting the FTT adopted by the European Parliament in March 2011, and Philip Kermode from the EU's Taxation and Customs Union (DG TAXUD), who provided an insight into the Commission's ongoing work around the impact of a FTT at a Eurozone level.
Both speakers supported the IDS research, with Ms Podimata saying the report is 'balanced and well-founded' and Mr Kermode describing it as a 'well-researched and scholarly piece of work.'
- Listen to an audio recording of the keynote presentations, featuring Anni Podimata MEP, Philip Kermode and Neil McCulloch
- View the slides from Neil McCulloch's presentation
- Read Neil McCulloch's post on The Guardian's Poverty Matters blog
- Comment on the Globalisation and Development blog entry on the event
Related Content - News & Blogs
BLOG: IMF - income redistribution is good for growth
By Carlos Fortin
BLOG: What role can business play in tackling nutrition challenges?
By Maria del Mar Maestre Morales
BLOG: Business and Development – A Leap of Faith?
By Jodie Thorpe
BLOG: Is 'going green' enough?
By Leisa Perch
Related Content - Events
Rising Powers in International Development Roundtable: A review of the research
10 April 2014 12:30 to 14:00
Room 221, Institute for Development Studies
The mainstreaming of impact into environment and development evaluations
24 April 2014 13:00 to 14:30
IDS Convening Space
Public lecture - Mariana Mazzucato: The green entrepreneurial state
12 May 2014 17:30 to 19:00
Fulton Lecture Theatre, University of Sussex