15 min

Taxcast Extra: Hong Kong raises its stock transfer tax as Wall St escapes The Taxcast by the Tax Justice Network

    • Politics

In this Taxcast Extra Naomi Fowler speaks to Jim Henry, economist, lawyer, investigative journalist and Tax Justice Network senior advisor about the campaign to persuade New York State (which is broke) to reinstate its Stock Transfer Tax. It would have created an important precedent for the world but for now, Wall Street has escaped. At the same time, in Hong Kong they have raised their Stock Transfer Tax in an example of “tax competition in reverse, “ or a “race to the top.”

In this Taxcast Extra Naomi Fowler speaks to Jim Henry, economist, lawyer, investigative journalist and Tax Justice Network senior advisor about the campaign to persuade New York State (which is broke) to reinstate its Stock Transfer Tax. It would have created an important precedent for the world but for now, Wall Street has escaped. At the same time, in Hong Kong they have raised their Stock Transfer Tax in an example of “tax competition in reverse, “ or a “race to the top.”

15 min