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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 …

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Posted in Op-eds and The Independent View | Also tagged , and | 15 Comments
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