Tobin Tax" Andrew Simms, Steve Tibbett, Emily Willmott argue that a tax on currency transactions could both stabilise the world economy and provide resources to tackle the UN's development targets by 2015. "The Robin Hood Tax" is published by War on Want and the New Economics Foundation. In another useful paper Heikki Patomäki, hoping to allay fears that without almost utopian co-operation between nation states the tax will remain a pipe dream, lays out a two step programme for the introduction of the Tobin Tax. "The Tobin Tax: How to Make it Real. Towards a Socially Responsible and Democratic System of Global Governance" is published by the Finnish Institute of International Affairs.
By New Economics Foundation , UK and Finland.
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Automatic Uprating of the Minimum Wage " Without uprating the minimum wage loses its value as a floor on wages. However, automatic uprating has been resisted, partly on the grounds that it will be inflationary. Sanjiv Sachdev argues for an automatic uprating mechanism - stating it will be better at maintaining standards of living for the low paid and that it will be easier for businesses to prepare for small regular increases. He points to the experience of the US where the level of the minimum wage is the subject of intense political bargaining. In contrast France's salarie minimum interprofessionnel de croissance has been very effective in maintaining the value of the minimum wage in relation to average earnings. Published by Catalyst.
By Catalyst. , UK .