Time for bolder action on taxing the financial sector
Given the size of the bank bailouts, the government should be more ambitious in dealing with this under-taxed sector
Given the size of the bank bailouts, the government should be more ambitious in dealing with this under-taxed sector
We are proud that last week Torfaen became the first council in the UK to pass a motion calling on the government to implement a Financial Transaction Tax (FTT). It heralds the start of a nationwide initiative by the Robin Hood Tax campaign to get as many local councils signed up as possible.
The financial transaction tax is an idea whose time has come – yet still the Tories say no, writes The financial transaction tax, an idea whose time has come.
France has implemented a tax on the financial sector that will raise money to help the poor, writes Simon Chouffot of the the Robin Hood Tax campaign.
A new report by Professor Avinash Persaud takes apart the “disproportionate, inconsistent and disingenuous arguments” against a Financial Transaction Tax.
Jenny Jones argues that by refusing to implement a Robin Hood tax, Boris Johnson is hurting Londoners to the tune of £1.2 billion every year
David Cameron’s cowering reliance on the City was exposed for the world to see this morning when he refused to sign the City up to a Financial Transaction Tax.
Owen Tudor writes about George Osborne’s panicky response to the Robin Hood Tax, with the chancellor looking increasingly on the side of the super-rich.
Today Dr Rowan Williams came out in support of a Financial Transaction Tax – yet George Osborne still opposes the tax that would raise billions for the poor.
Labour needs to come out and tackle the UK government’s misleading claim the Financial Transaction Tax, aka the Robin Hood Tax, is just a ‘Brussels tax’.