From the TUC

Web links for 13th November 2009

13 Nov 2009, by in Web links

  • Leading libertarian Tim Worstall attacks the TUC transaction tax plan. There are some interesting comments including this:
    The main argument put forward here against this type of tax is that it will prevent interbank lending. That can very easily be resolved by allowing a tax rebate for those types of transfer. At the end of the year the bank provides the inland revenue an account of inter-bank transfers and gets the tax already paid offset against their tax charge. A second argument that people put forward is that the tax would just be passed on to the banks’ customers. This isn’t likely, as the charge for a CHAPS transfer will be based on what the customers are willing to pay.
  • Richard Murphy rebuts Tim Worstall’s Comment is Free attack on the TUC’s transaction tax proposal
  • An interesting critique of The Spirit Level from David Runciman in the London Review of Books

3 Responses to Web links for 13th November 2009

  1. Eh?
    Nov 14th 2009, 8:49 am

    […] That’s how I’m described over at Touchstone, a blog by the TUC. I guess it’s a measure of quite how wide the ideological gap is: perhaps even the comprehension gap. […]

  2. Georges
    Nov 14th 2009, 11:10 am

    Richard Murphy rebuts…

    A far too generous use of the word, don’t you think?

  3. Transaction tax: the detractors need to name their alternative | ToUChstone blog: A public policy blog from the TUC
    Nov 15th 2009, 10:20 pm

    […] call to use a tax on major financial transactions to help reduce the public deficit has created a minor blog bust-up.  But one important point at risk of being overlooked here is the question of what might be the […]