Dublin Core
Title
No 'Robin Hood' financial transaction tax coming to Australia, says Wayne Swan
Subject
Australian businesses, bank, business, economic crisis, economic growth, economy, finance, financial transaction tax, folklore, France, investor, Nicolas Sarkozy, outlaw, penalty, revenue, Robin Hood, “Robin Hood†tax, tax, treasury, Wayne Swan
Description
This article from the online news site Perth Now reports on Australian Federal Treasurer Wayne Swan’s decision not follow the lead of European nations such as France and introduce a financial transactions tax to deal with economic crisis. Such a measure would slow economic growth, Swan said, because it would affect the transactions that Australian businesses engaged in every day and raise the cost of capital. French President Nicolas Sarkozy’s plan to introduce a 0.1 per cent tax on all financial transactions has been dubbed a “Robin Hood†tax. This name stems from the legendary medieval outlaw who stole from the rich to give to the poor, because it imposes taxation on businesses and investors in order to help the ailing economy.
Creator
Unknown
Source
Perth Now
Publisher
Perth Now
Date
30 January 2012
Rights
Perth Now
Format
Hyperlink
Language
Language