Tag Archives: tobin tax

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

By Mark Pack | Mon 12th December 2011 - 4:17 pm

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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Posted in News | Also tagged robin hood tax | 30 Comments

The Independent View: The Robin Hood Tax

By Owen Tudor | Tue 23rd February 2010 - 10:40 am

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