Publisher's Synopsis
The Currency Transaction Tax (CTT) is emerging as a leading new financial instrument for government seeking to raise large amounts of global, independent, and stable monies for international development and projects addressing global issues such as public health and climate change. The publication exploits the fact that CTT is functionally equivalent in foreign exchange markets to the bid to ask spread: both are transaction costs. The Part I describes the issues and assumptions. Part II and III explain how to calculate it and the revenue estimates. Finally, Part IV shows the advantages of the CTT.
