Blog

Published 30/11/11   2:31PM

Unexpected positive voices from the City

Something strange is happening! Proposals for a financial transaction tax have received support from some unlikely sources.

A few days ago, David Harding, Chief Executive of one of London’s biggest hedge funds, $26 billion Winton Capital, gave support to a European Financial Transaction Tax. Mr Harding said “I would be in favour of a low [financial transaction tax], if part of it was used to finance more supranational regulation of markets.” Not only this, but he also said that this type of tax would be a “step in the right direction.” This puts Mr Harding, one of the biggest donors to the Conservative Party, in total opposition to the views of the Chancellor.

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Published 30/11/11   2:26PM

The Financial Transaction Tax (FTT) makes it to the House of Lords

David Hillman, director of Stamp out Poverty, and Richard Gower, a senior policy advisor from Oxfam took the case for the FTT all the way to the House of Lords, to the EU Economic and Financial Affairs and International Trade Sub-Committee (phew) to be precise.

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Published 18/11/11   2:23PM

Why is George Osborne siding with the 1%?

It’s time to breakdown the tired old arguments that our Chancellor seems to be churning out against a Robin Hood Tax recently. The Coalition government (Lib Dems as well as Conservatives) has decided to side with the 1% against the millions globally who are calling for a financial transactions tax (FTT) to raise money to tackle poverty at home and abroad.

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Published 14/11/11   2:19PM

Bill Nighy supports a Robin Hood Tax in Cannes

Bill Nighy, a long-standing advocate of the Robin Hood Tax campaign, took our agenda all the way to the G20 in Cannes. The other Bill (Gates) also presented his excellent report advocating a Robin Hood Tax to G20 leaders as the solution needed in order to raise much needed revenue to meet the Millennium Development Goals.

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Published 11/11/11   2:01PM

Tax havens: 1% haven, 99% haven't

Location: Cap, D’Ail, French-Monaco border

Purpose: Protest in favour of regulating tax havens – taxes are a social contract with society and by allowing companies to ‘creatively’ avoid them we are pushing developing countries further into poverty.

Monaco, is, of course, one of the biggest tax havens in the world. So, what does this mean?

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