|
|
06 Oct 2009
Nobel prize winning economist Joseph Stiglitz has said a Tobin tax on financial transactions is both necessary and possible.
Speaking in Istanbul he backed an idea first floated in the UK by Financial Services Authority chairman Lord Turner.
He was widely criticised for the proposal, but backing from one of the world’s most respected economists will add credence to introducing the new tax.
The Daily Telegraph reported that Stiglitz said modern technology meant that a Tobin tax was now a feasible idea.
Stiglitz is quoted saying: “The financial sector polluted the global economy with toxic assets and now they ought to clean out.”
Read more
You may also like
Search thousands of financial jobs:
£50000 - £65000 per annum + benefits + bonus: Pro-Tax: Excellent Share Schemes role London ...
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment