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Chancellor claims global tax on financial institutions could be given green light The chancellor has refused to concede defeat over the so-called 'Tobin Tax', named after the US economist who invented it, and denied it was merely a populist... Full Article at Metro.co.uk
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Andrew Baxter and Martin Delgado, Mail on Sunday 8 November 2009, 9:14am Fuel duty and VAT account for 66 per cent of the pump price, says the Department of Energy and Climate Change. Full Article at This Is Money
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British PM backpedals on proposed financial transactions taxUnited States led a backlash against the so-called "Tobin tax"Russia, Canada, IMF and European Central Bank also criticized plan Gordon Brown, the British prime minister, rapidly backpedaled... Full Article at CNN
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Chancellor's plan for tax on banks gets shot down at G20 Nov 8 2009 Mark Aitken, Sunday Mail THE G20 summit ended in disarray last night after the US shot down plans for a new tax on banks just hours after they were floated by Alistair Darling. Full Article at The Daily Record
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Alistair Darling is expected to launch a fresh crackdown on tax avoidance in the Pre-Budget Report (PBR) in an attempt to ensure that high earners do not sidestep the new 50 per cent tax rate. Full Article at Times Online
Related Quotes
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He is very clear that institutions rather than individuals should bear the cost of this
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It’s a question of fairness. I think there is broad agreement we should look at these things. They are not easy. But if you don’t look at them, you won’t know.
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That is not something that we're prepared to support.
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There is a new approach to economic cooperation. I believe it is a major step forward from anything we had in recent years.
