From the TUC

Canadian call for a Robin Hood Tax could be realised by NDP surge

29 Apr 2011, by in International, Politics

The main progressive think-tank in Canada has issued an excellent paper on financial-sector taxation calling for various taxes (including a financial transactions tax) to redress the tax breaks which the sector has received in Canada. And this could be hugely influential, because the left-leaning NDP – the most pro-FTT party - is now scoring just a few percent below the ruling Conservatives ahead of Monday’s general election. The Canadian Centre for Policy Alternatives (CCPA) study, by economist Toby Sanger, says Canada should introduce fairer taxes on the financial sector that could generate over $10 billion a year. Sanger says:

It’s a cruel irony that, after an economic crisis that cost the public purse hundreds of billions of dollars, our governments are rewarding those who caused the crisis with an expanded financial safety net and lower taxes, but making individual Canadians pay for it with higher taxes in other areas and reduced social services

One Response to Canadian call for a Robin Hood Tax could be realised by NDP surge

  1. Michelle Graham
    Apr 29th 2011, 10:44 am

    The main font on this site is far too pale.

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