New fiscal instruments such as a financial transaction tax need to be agreed to slow harmful speculation and deliver much needed finance for development and environmental protection.
The argument in favor of lifting the tax cap and adding a financial transaction tax isn't just fiscal, either.
In an era of fiscal austerity, that money will need to come from new sources — financial transaction taxes, levies on shipping and aviation, redirection of fossil-fuel subsidies or use of Special Drawing Rights from the International Monetary Fund.
Mr. Hollande is pressing Germany to concentrate more on growth than on fiscal discipline and austerity, but his plans rely more on putting existing funds to other uses and passing a financial transaction tax than on increasing spending.
Mr. Cavallo began wielding broad powers to revamp the economy with new fiscal initiatives about three months ago, including a tax on financial transactions and a lowering of tariffs on capital goods.
The official repository for the university's financial and budget information, which stores account balance and budget information for multiple fiscal years, as well as detailed records of all financial transactions.
The great question for our time is not how and when to cut the fiscal deficit, or calm the markets, or curb the bonus culture, or tax transnational financial transactions – pressing as all these questions are.
The European Commission unveiled proposals for a levy on financial transactions, to take effect in 2014 and ensure what it calls "a fair contribution" by the financial sector at a time of fiscal consolidation.
Obviously, the Congress is in a fiscal crisis, but your negotiators have stalled discussions about how to raise climate finance through innovative sources like a very small levy on shipping or global financial transactions.
Financial transactions are complex.
Although there was considerable inflation (culminating under Theodosius), in spite of a deflationary fiscal policy, commercial transactions ignored barter and were based instead on currency throughout the empire at the end of the century.
