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Financial transactions taxes are in force in all the major developed countries except the USA and Canada. Typically the tax is 0.25% or less, paid whenever stocks and shares or bonds, etc. change hands. The tax originally proposed by Tobin would be a new tax applicable to all in…
"The aim of this book is to make the case for an international tax on foreign currency exchange transactions (a Tobin tax) and for an intranational financial transactions tax in Canada and the United States."--Introduction