2 August 2012
Sam Bowman argues in City AM that the introduction of France's Tobin Tax will be damaging to France's economy.
In the article he details all the problems with the Tobin Tax. It is unlikely to raise much money and will increase volatility. However this may provide an opportunity for London as Paris's traders may choose to move across the waters to avoid this damaging transaction tax.
You can read the full article in City AM here.