Latest: Politics
It’s fair to say George Osborne has never been the Financial Transaction Tax’s biggest fan. As 11 European countries agreed a 0.01%-0.1% tax on shares, bonds and derivatives that will raise an estimated £30bn each year, he made clear that Britain was folding its arms, stamping its foot and refusing to join in.
It’s one thing to dismiss billions in additional revenue, side with your friends in the City and plump instead for the...
This blog originally appeared on Left Foot Forward. By Cllr Bob Wellington, leader of the Labour Group on Torfaen Council
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...
Last week the top European Tax Chief, Algridas Semeta, went to Washington to make the case for a Robin Hood Tax.
Semeta has been leading the progress in Europe where 11 countries (including some of the biggest economies Germany, France, Italy & Spain) are now set to implement the tax in 2014 which will raise a massive €35 billion a year!
His trip was designed to promote the Financial Transaction Tax (FTT) in the U.S. and encourage...
In an overwhelming endorsement of the Financial Transaction Tax (FTT), members of the European Parliament voted emphatically in favour of the FTT - 533 for, 91 against with 32 abstaining. This is a massive majority and sends a clear message that the banks must pay for the damage they have caused.
At least 11 countries - including the 4 biggest Eurozone economies Germany, France, Italy and Spain – are pushing ahead to implement...
