How can Labour prove it’s not on the side of a small cabal in the Square Mile?
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How the recent tax avoidance scandal shows that the softly softly approach won’t work, and we need a financial transaction tax. Ed Miliband repeatedly challenged David Cameron at Prime Minister’s Questions recently to close a tax loophole that allows hedge funds and others to dodge the stamp duty they should pay on share transactions. Last week in parliament a report was launched by former senior banker Avinash Persaud which shows that by tightening such rules we can raise a potential additional £2bn year. In both cases the Conservatives have looked the other way. Perhaps it’s something to do with the Conservative party receiving a large wedge of their funding from the financial sector?
How can Labour prove it’s not on the side of a small cabal in the Square Mile?
How can Labour prove it’s not on the side of…
How can Labour prove it’s not on the side of a small cabal in the Square Mile?
How the recent tax avoidance scandal shows that the softly softly approach won’t work, and we need a financial transaction tax. Ed Miliband repeatedly challenged David Cameron at Prime Minister’s Questions recently to close a tax loophole that allows hedge funds and others to dodge the stamp duty they should pay on share transactions. Last week in parliament a report was launched by former senior banker Avinash Persaud which shows that by tightening such rules we can raise a potential additional £2bn year. In both cases the Conservatives have looked the other way. Perhaps it’s something to do with the Conservative party receiving a large wedge of their funding from the financial sector?