Tag Archives: robin hood tax

Labour play games on Robin Hood Tax

Labour’s attempt to force a vote on a financial transaction tax, outlined in yesterday’s Guardian, appears to be more of a ruse to embarrass the Liberal Democrats than a serious attempt to develop a consensus on the issue. The SNP used to habitually put forward motions in the Scottish Parliament aimed at splitting the Labour/Liberal Democrat Government. It’s just something that happens.

The reality is that things change on this over time, by painstaking negotiation, not by a mischief making motion in Parliament. We know that the idea of such a tax sits well with Liberal Democrats. Vince Cable has …

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Tobin tax: could it work? would it be desirable?

The BBC website has a head-to-head debate between a supporter and opponent of a financial transactions tax, more commonly known as a Tobin or Robin Hood tax.

Here is a flavour:

There are (at least) three fatal flaws in the plan. Firstly, it will not be the banks but savers and pensioners that foot the bill. Secondly, tax revenues could actually fall not rise as trade moves elsewhere, jobs are lost and the economy shrinks. Finally, instead of promoting stability, it could make markets far more dangerous … The tax did not work in Sweden, and it will not work now.

versus

The International

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The Independent View: The Robin Hood Tax

At the height of Make Poverty History back in 2005, in the Cabinet Room at No 10, Richard “Four Weddings and a Funeral” Curtis asked then PM Tony Blair, “would you mind if I showed you a video I’ve made?” It’s not the same as some bloke at work offering to show you his holiday snaps. So when Richard Curtis showed his new Robin Hood Tax video to some of the 85 national organisations supporting the latest big campaign in the TUC General Council Chamber earlier this month, we knew we were in for a treat. There’s already

Posted in Op-eds and The Independent View | Also tagged and | 61 Comments
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