Zeitschrift für Wirtschaftspolitik
Ed. by Donges, Juergen B. / Krause, Michael / Roth, Steffen J. / Watrin, Christian
Zur Durchführbarkeit einer Devisentransaktionssteuer – Anmerkungen zur Machbarkeitsstudie von Prof. Paul Bernd Spahn
In the context of the discussion of the new financial architecture the idea of a Tobin tax is revived. Mainly due to the pressure of several non-governmental organisations (NGO’s) the Tobin tax is currently discussed seriously in various policy circles. Recently, the German Federal Ministry of Economic Co-Operation and Development has commissioned a feasibility study on the implementation of a Tobin tax. The study was written by Paul S. Spahn (2002). This article discusses the feasibility study critically and points out its main deficiencies.