First, banks are likely to pass on the burden of this tax almost completely to their customers through higher bank interest margins and bank fees. This makes the Financial Activities Tax a tax on bank customers rather than on bank shareholders. Since the Financial Transactions Tax (ie, Tobin, or Robin Hood) also falls on customers,

So, My Noble Lord Stern said that we can beat climate change at a cost of 1-2% of the economy per year. This should be done by imposing green taxes: Pigou taxes as they are technically called. Green taxes already make up 7 per cent of the Government’s tax take. The government’s tax take is somewhere around

It would be unfair for the US government to impose a bank tax on all financial institutions with over $50bn in assets regardless of whether they received any direct federal assistance during the financial crisis, writes Robert Pozen

Remember how we were told that we were lucky to have such a vibrant financial centre in London and how it contributed so much to the economy? The figures in the banks' annual reports make interesting reading. Royal Bank of Scotland brags: Our £3bn tax contribution would pay for 265 million NHS prescriptions and over 160,000 staff nurses. Well, yes it would have but the government now has to gi...

Yet more rich peeps say “tax me, tax me!“. “I would say to Merkel that the answer to sorting out Germany’s financial problems, our public debt, is not to bring in cuts, which will disproportionately hit poorer people, but to tax the wealthy more,” said Lehmkuhl. “We are always hearing about savings packages, but never

Labour and the Tories are to step up the fight over their tax plans as the economy continues to dominate the election campaign.

As I have explained many a time, the two worst taxes are VAT and Employer's National Insurance, because they damage the economy more than any other taxes, and subsidies for any specific industry or activity are bad for two reasons; they distort markets even further and they mean that the tax burden on the non-subsidised sectors of the economy have to be increased even further to fund them. EU...

Gordon Brown has called for a global tax on financial transactions to prevent future bank bailouts as G20 leaders meet in Scotland to discuss the economy and climate change.

The government’s stealth taxes have slowly but surely taken more of our incomes. Tax Freedom has crept later, from May into June. Now the UK government takes financial responsibility for a very large bank with a medium sized government attached, Tax Freedom Day will advance

Bank to pump £75bn into economy "The Bank of England is to create £75bn of new money in an attempt to revive lending and the battered economy." PS What's wrong with cutting income taxes so hard-working families can keep more of what they earn instead!?!