Commentaries

“Tobin tax” gaining ground in Europe

By Paul Taylor
September 21, 2009

No longer just a hopeless cause for anti-capitalist activists, the idea of a global tax on financial transactions is gaining ground in Europe.

A dark hour for CMBS

September 11, 2009

The last week has been a bit of a shocker for Europe’s already crumbling commercial mortgage-backed securities market (CMBS).
Investors have had to cope with steep declines in the value of their bonds and a wave of downgrades by rating agencies.

Why the U.S. needs a Value Added Tax

September 8, 2009

Swelling deficits and an aging population leave few palatable options when it comes to taxes.

The rich are not easy quarry

August 5, 2009

Cash-strapped politicians are more willing to play Robin Hood than at any time in a generation. Tax rates on the rich may soon hit levels not seen since the 1980s.

Tax Goldman debate heats up

July 17, 2009

The idea of taxing Goldman Sachs and other banks that engage in prop trading is heating up.

Tax Wall Street trades

July 16, 2009

Reports of the death of the investment bank have been greatly exaggerated, as Mark Twain might have put it.

Tax Goldman

July 15, 2009

Goldman Sachs is entitled to make as much money as it wants from proprietary trading–that is trading stocks, bonds, currencies and bonds for its own account. But as long as Goldman benefits from bonds it sold with a government guarantee, it should pay an extra tax on those prop trading gains.