A Euro Model for the Tobin Tax ? The (possible) impact of the new tax on the European Financial market (and on the Non‐EU Investors) by Marco Greggi * 1. From the “Tobin Tax” to the Financial Transaction Tax: much ado about something ? For a lawyer with a Civil law background, the study of a tax which claims to be inspired by the model proposed by James Tobin some 40 years ago is perhaps one of the most fascinating challenges possible in these days. The reason is that probably, in the Cield of tax law rarely happens that so many has spoken so much about such a tiny theoretical proposal, which was just a part of a more comprehensive and complex reform of the currency system in force at the time when it was launched. When Professor Tobin illustrated his idea about (what is deCined today as) a Financial transaction tax he had in mind arguably he considered his proposal of a more vast, comprehensive form which had to have a remarkable impact of the international currency (and Cinancial) markets a the eve of the post Bretton Woods era 1 . As a matter of fact, the Cirst and most important contribute to the “Tobin Tax” saga was an article focused on the currency issue of that Decision of the US President Mr. Nixon 2 . DRAFT VERSION FOR TRN 2013 CONFERENCE ONLY DO NOT CITE OR DISSEMINATE 1 * Associate Professor, Department of law, University of Ferrara - marco.greggi@unife.it 1 See for instance Tobin, J. (1978). A Proposal for International Monetary Reform. Eastern Economic Journal, 4 (3-4), 153-159. Tobin, J. (2003). World Finance and Economic Stability. Selected Essays of James Tobin. Cheltenham (UK); Northampton (Mass.): E. Elgar. 2 Sparke, M. (2013). Introducing globalization ties, tension, and uneven integration. Chichester, West Sussex, UK: Wiley-Blackwell.