We should bin this Robin Hood tax that misses its target (Yorkshire Post)

CPS Director Tim Knox has written in The Yorkshire Post about the possible Europe-wide implementation of the ‘Tobin Tax’

“FOR too long, the UK government and many leading institutions have failed to see the extraordinary threat to our national interest posed by the Tobin Tax (technically known as the Financial Transactions Tax and popularly known as the Robin Hood Tax).

A Holy Trinity of Bill Gates, George Soros and the Archbishop of Canterbury all now advocate such a proposal. On top of that, Jose Manuel Barroso, President of the European Commission, is now actively pursuing plans to introduce the Tobin Tax across the EU – and soon.

And do not think that the UK can automatically veto any such plans. For it is quite possible that a Tobin Tax could be introduced under Qualified Majority Voting (QMV) – with devastating consequences for the City of London.”

To read the full article at The Yorkshire Post, click here.

Date Added: Tuesday 8th November 2011