Mixed response to transaction tax idea

Nov 7th, 2009 - BBC NEWS

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Mr Brown urged a "just distribution of risks and rewards"

British Prime Minister Gordon Brown certainly caused a stir at the G20 finance ministers meeting in St Andrews when he suggested a tax on financial transactions, sometimes called a Tobin tax after the Nobel Prize winning economist James Tobin.

The response ranged from massive enthusiasm from some campaigners to near rejection from at least one finance minister.

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