Tuesday, 8 November 2011

Transaction Tax

Here's an idea for a way to make a financial transaction tax palatable to more politions.

¤ Transactions within areas such as the EU & attached areas are not taxed.

¤ Transactions to normal tax areas outside the financial area's 'local zone' should be taxed at 0.1%.

¤ Transactions going to minimal tax areas, such as known tax havens, should be taxed at the equivalent tax rate that would have been raised if the money had stayed within the financial area's taxation jurisdiction.

¤ Transactions bringing funds into the financial jurirdiction that are liable for tax should have any outgoing taxes refunded in full.

Hell, it may just work!

Posted from my mobile via e-mail.

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