The 'Robin Hood Tax'

The 'Robin Hood Tax'

by Deleted user -
Number of replies: 1

I'd be interested to learn about people's thoughts on the "Robin Hood Tax"- it does appear to have have sparked quite a debate; the principles seem fantastic- but is there more to it?:

Debate in The Telegraph:

http://blogs.telegraph.co.uk/news/tobyyoung/100025643/a-robin-hood-tax-is-a-terrible-i-mean-brilliant-idea/

In reply to Deleted user

Re: The 'Robin Hood Tax'

by Jack Edward Dunne -

 As always with more sweeping banking regulation proposals it's a question of overcoming the accountability defecit with regard to palming of losses onto the public or ensuring that the revenues would end up where they were intended to.

 It's an interesting idea but it's so politically sensitive it's hard to see any serious prospect of implementation.

 Those to the left are, (sort of fairly) characterised as pursuing it as a punitive measure above anything constructive or progressive

 Throw in some right wing sabre rattling about the EU somehow ruining everything and it's stuck as a good argument unlikely to result in anything substantive.

Centre right vs Centre left

http://www.cps.org.uk/files/reports/original/120419103941-timetobinthetobintax.pdf

http://robinhoodtax.org.uk/sites/default/files/Financial_sector_taxes.pdf