"Robin Hood tax" (aka "Tobin tax")

[Jeff Maginty]

..

[scooterscot]

Gets my vote.

[BlasterBates]

agreed, expecially severance packages.

Yep imposing tax in buying and selling shares will not hit banker's bonuses, because that comes out of your pension or investment fund. In the end the tax will be paid by everyone who'll get a lower pension. Think of this tax as a tax on private pensions. It's not a tax on rich bankers.

Robin Hood tax is probably a misnomer, it would be basically a transfer of wealth from average earners in the private sector to average earners in the public sector.

[gingerjedi]

As it's been pointed out before this will only make London uncompetitive unless this is imposed globally which it wont.

[scooterscot]

As it's been pointed out before this will only make London uncompetitive unless this is imposed globally which it wont.

Au contraire mon petit fromage, what is bad for London is good for the UK. Perhaps only then government shall focus on matters of morality rather than orders from the city.

We should be more concerned with our own society rather than the world at large for a change.

[sasguru]

Au contraire mon petit fromage, what is bad for London is good for the UK. Perhaps only then government shall focus on matters of morality rather than orders from the city.

We should be more concerned with our own society rather than the world at large for a change.

I never thought anyone could be more economically illiterate than AtW, but you are.



PS DO learn the difference between "shall" and "will", as well as other basic English grammar

[doodab]

As it's been pointed out before this will only make London uncompetitive unless this is imposed globally which it wont.

That needn't be the case. If tax liability were to depend on the locations of the end users it could be made to apply whether eu institutions trade through london or elsewhere.

This 'uncompetitive' thing is just more speil from the city who want things their own way as per usual. Time we told them to shut the **** up IMO.

[Arturo Bassick]

That needn't be the case. If tax liability were to depend on the locations of the end users it could be made to apply whether eu institutions trade through london or elsewhere.

This 'uncompetitive' thing is just more speil from the city who want things their own way as per usual. Time we told them to shut the **** up IMO.

I am a novice at this so explain to me.

OK the UK imposes some sort of tax on bankers and a fee on transactions.
Would UK businesses be at a trading disadvantage?
What is to stop the big players moving their entire trading base to a country that does not do this?
How much money could the UK lose?
How many jobs could go?

[sasguru]

Time we told them to shut the **** up IMO.

When you say "we" do you mean itinerant, ne-er-do-well, IT jobbers with no assets? Are you mates with the idiots at St.Pauls?
Smacks of envy to me.

[Jog On]

OK the UK imposes some sort of tax on bankers and a fee on transactions.

The EU imposes a tax on financial transactions Europe wide

Would UK businesses be at a trading disadvantage?

London is considered the financial capital of Europe, this will be under threat as our financial service industry is quite a large part of our GDP

What is to stop the big players moving their entire trading base to a country that does not do this?

Nothing

How much money could the UK lose?

Lots

How many jobs could go?

Lots