Iceland Explores Tobin Tax to Protect It From Carry Trade Risks
- Tobin tax could be one of many measures, lawmaker says
- Says measures could be needed permanently to ensure stability
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Iceland will need a broad package of measures, including potentially a financial transaction tax, to ensure stability as it prepares to unwind the last of its capital controls, according to the head of parliament’s economic affairs committee.
"There’s probably no single solution that resolves everything," Frosti Sigurjonsson, chairman of the committee, said in a telephone interview. "A Tobin tax could be one of many measures, but I think it’s better to have more than less alternatives."