Posts Tagged ‘Tobin Tax’

Why are the Tories so coy about a judge-led inquiry?

by Michael Meacher.

Parliament was at its worst yesterday. The mud wrestlers Osborne and Balls were so dementedly determined to lay toxic blame on each other for the shocking LIBOR scandal that the City escaped with hardly a bruise to its name. The difference between a judge-led inquiry and a special parliamentary select committee inquiry is not that […]

Could a financial transactions tax work for the UK?

by Michael Burke.

The European commission has formally adopted a proposal for a financial transactions tax (FTT — sometimes called a “Tobin tax” after the economist who proposed taxing currency trades). An FTT has long been championed by campaigners and this is regarded by them as a breakthrough. It is vehemently opposed by the Conservative government.

Tobin Tax: not quite the Fourth Reich

by David Osler.

I suppose it is a short step from accusing both Gordon Brown and David Cameron of wanting to ‘Sovietise’ Britain to proclaiming Angela Merkel guilty of stealing pages from the Hitler playbook. But it is analysis and insight of precisely this calibre, nuance and measured tone that has made rightwing commentator Simon Heffer the intellectual power […]

Some alternatives to the VAT rise

by Michael Meacher.

What a cheek!   Osborne asks if he didn’t increase VAT, what alternative is there to raising the £13bn for cutting the budget deficit – the usual Tory canard of TINA (there is no alternative).   What nonsense – there are plenty of alternatives, all of them preferable to hiking VAT which will hit the poorest hardest and will […]

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