Tag Archives: financial activities tax

Richard Carr

The Independent View: Liberal Democrats should support Financial Transaction Tax

By Richard Carr | Wed 18th July 2012 - 12:59 pm

Charles Beaumont has recently written on this site about the potential for the Lib Dems to go further in taxing the financial sector. In doing so, he raises two options: the Financial Activities Tax (FAT), which he favours, and the Financial Transaction Tax (FTT). For clarity at the outset, the FAT is generally understood to be an additional corporation/income tax on the excessive profits/remunerations in the financial sector. An FTT, on the other hand, taxes all the transactions of financial organisations, such as banks and hedge funds, at the point at which their deals are settled.

Whilst the overarching thrust …

Continue reading »
Posted in Op-eds and The Independent View | Also tagged , and | 15 Comments
Advert



Recent Comments

  • Richard
    Simon R is correct when he writes "if anyone thinks they’ll want a bigger pension then they are free to additionally contribute to an occupational/etc. scheme...
  • expats
    ....................Over here, it seems that only Sir Ed Davey, out of all our party leaders, appears to be sticking to his guns regarding the new regime in Was...
  • Simon R
    Yes, comparing pensions across countries is complicated due to all the different systems. But I don't see it as a bad thing that we rely on occupational/private...
  • Craig Levene
    Globalisation makes that impossible to implement. Persons/Businesses/Finance just up sticks and moves. Need to concentrate on things we can change, & not on...
  • Simon R
    This article mixes up two things: Wealth and power. Preventing people from earning more than a certain amount is an awful, authoritarian, illiberal idea. ...