Robin Hood Tax

The financial sector is probably the richest economic sector in the world, it’s turnover is truly eye-watering, figures that we can hardly comprehend. This sector operates in our midst, consuming goods and services provided by society and the natural environment. It seems reasonable to me that the sector should make a fair payment to help to cover the cost of these services and to contribute to the proper functioning of society.

This is the position of the European Union. Supported by public opinion across Europe, a majority of member states want the financial sector to make a fair and proportional contribution to public finances. This after all is what we are required to do as is any other sector of the economy. In addition a majority of ordinary tax payers think that the financial sector should be paying back what they have received form the European tax payer as the…