Tobin tax should be introduced to protect superannuation

Tobin taxAustralia should introduce a ‘Tobin tax’ to “protect superannuation investors, improve the operation of Australia’s capital markets and provide a source of tax revenue of over $1 billion per year,” according to the Australia Institute.

A Tobin tax, named after Nobel prize-wining economist James Tobin, is a tax on financial transactions meant to reduce financial speculation.