TOBIN TAX: ARGUMENTS AND CURRENT DERIVATIVE STUDIES


Seda O.

STUDIES IN BUSINESS AND ECONOMICS, cilt.10, ss.103-112, 2015 (ESCI İndekslerine Giren Dergi) identifier

  • Cilt numarası: 10 Konu: 1
  • Basım Tarihi: 2015
  • Doi Numarası: 10.1515/sbe-2015-0009
  • Dergi Adı: STUDIES IN BUSINESS AND ECONOMICS
  • Sayfa Sayıları: ss.103-112

Özet

Tobin Tax and its derivative applications have started to be discussed again in many platforms as the issue regarding taxation of short-term capital movements has become an agenda among international communities such as European Union (EU) and G20 since the beginning of 2000s. In this study, Tobin Tax, which is the first significant step towards taxation of foreign currency transactions, has been discussed theoretically and considering its possible effects on application. Also, in this context, the initiatives of countries such as USA, Belgium, France and Austria regarding international implementation of Tobin Tax and its derivatives are being evaluated. The intended use of the taxes, determination of transactions exempt from tax and international cooperation in the implementation of taxation are possible problems that can be faced regarding Tobin Tax. In this study the conclusion, which the effects of Tobin Tax in developing and developed countries will be different but imposing such tax regarding cyclic balance of the world economy will be a positive improvement, has been reached.