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Briefing On Financial Transaction Taxes
October 21, 2011 @ 10:30 am - 11:30 am
A small tax on financial transactions would raise tens of billions of dollars a year and curb dangerous high speed trading. Support for a transaction tax is growing in the US and around the world. The European Union recently proposed a tax of 10 cents per $100 of securities transactions, and 10 cents per $1,000 of derivatives transactions. France and Germany have already endorsed this proposal. The European Union forecasts that this tiny tax will raise some $70 billion annually.
Find out more about this new approach to raising revenues and stopping destabilizing and unproductive financial speculation.
- John Fullerton – Former Managing Director, J.P. Morgan Co. and Founder and President of Capital Institute
- Damon Silvers – Director of Policy and Special Counsel, AFL-CIO
- Dean Baker – Co-Director, Center for Economic and Policy Research
- Frédéric Doré – Minister Counselor, Deputy Chief of Mission at the French Embassy to the United States
Sponsored by Senator Tom Harkin, Representative Peter DeFazio, Congressional Populist Caucus
Presented by: Americans for Financial Reform, AFL-CIO, The Center for Media and Democracy, the Institute for Policy Studies, and The Center for Economic and Policy Research
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