Global Tax Initiatives. The Movement for the Currency Transaction Tax

Summary. The currency transaction tax (CTT), first proposed in 1972, is a simple idea: a tax levied on every currency exchange, set at a level low enough not to hinder transactions needed to finance trade in goods and services, or long-term investments. The establishment of the CTT, or a new organization to govern the CTT, would potentially constitute a far-reaching global regulatory change. T…