This quarterly treadmill encourages short-term speculation, which undercuts long-term productivity.
It is to go after the root cause - excessive short-term speculation.
The tax is meant to put a penalty on short-term speculation in currencies.
Although their business is not one of short-term speculation, they are, however, active traders in stocks and shares.
Hong Kong's emphasis on short-term speculation has made local companies reluctant to invest in research and development because it does not generate a quick return.
The second group, the Russian government, follows a "buy and hold" principle and eschews short-term speculation.
Should short-term speculations by foreign investors in emerging markets be controlled?
There is too much short-term speculation on this very special market, shaped by a cartel and oligopolies.
It is surely absurd that the profits of short-term financial speculation are completely exempt from taxation today.
The report is constructive in the main and sheds light on many of the problems entailed in an economy geared to short-term speculation.