Impose this tax on the banks, they increase their charges. We lose out yet again.

Extra tax wont work, as the bank would only pass this on to customers or recoup it from them somehow.

We have enough goddamn taxes in this country!!!! We need to be able to live too!!!!

This robin hood tax should simply be called Tax.
The banks should be paying their fair share of tax’s for many years now.
I be worried for jobs in the IFSC if or when this new tax is passed
because the banking buddies the Tories wont tax the banks in London and banks will always flee to tax heavens.
Not a fan of the banks but when this new tax comes to effect, lots of jobs will transfer to London.

Of course bank will pass on tax but the bigger picture is if we have this tax and London does not jobs will move to London and the talk talk closure will be nothing in comparison to what we will see job loses wise.

Impose this charge on an institution unilaterally and they move to a jurisdiction where no such charge exist. We then lose ALL their taxes.

I know the usual left-wing “tax those rich fat cats!” propaganda will probably win through but I guess I hope people will have some of the most basic common sense. For once.

Why not. We already have a robbin’ bastards tax on everything else.

How long before a tax on comments to The Journal

No it will cripple the IFSC AND ALL THE JOBS WITHIN

Needs to be introduced everywhere but that aint going to happen as banks run the show. In the 4 years since the crash not one banker, politican or regulator has been brought to justice nor has any meanginful reform been brought in to stop this happening again except for Iceland. Tells us all we need to know.

i guess as long as we still have money on the account after we been taxed its ok… who cares about food or rent…..

In principle Yes, however only if Britain does it too. We can’t let the IFSC and our wider low-tax economy lose its competitive advantage in the world economy. Too many jobs are at stake.

So the poll of a Yes or No is too simple.

I can’t vote on this because while I’m in favour of the principle I don’t think we should introduce it without everybody else doing so because otherwise banks will just move their transaction processing to other jurisdictions where the tax doesn’t exist.

This tax is aimed at stock markets and financial corporate banks not the general public. It is a type of revenge tax for want of a better word.

Governments are being shown how useless they are in this new Corporate World and this is their attempt to cash in. In theory it is a good idea but I fear it’s too late and unless introduced worldwide is futile. Bring it in though. Another layer of imbecility in this crumbling mess.

What people don’t seem to realize is that 80% if not more of all intraday financial transactions are not done by humans but by software.

This is what causes this mess in the first place. It needs to be stopped and a small levy will mean it’s no longer “free” to screw up the whole market.

People should read up on it before commenting.

A true multi-lateral Tobin tax is a great idea. A unilateral one is a terrible idea.

I don’t see the difficulty with this providing it does not promote “dodgy” practices to avoid it in the first place.

The general public seem to be bearing the burden of most taxation changes recently, why can’t the finanacial services industry start contributing to this austerity and show that they have a committment to the counrty and its people.

Although I am sure most of them will find a way around it.

I think it’s a good idea.. It’s a wa of indirectly taxing the elite of this country. I know for sure that I don’t have the money to invest in shares / buy bonds. Those who can obviously have a little more money to play around with and should pay more taxes than the rest of us do.

I think the results in this poll shows a clear lack of understanding of who is affected by this tax.

i say yes but only on transactions over 50k and also home mortgages to be exempt, they wrongly assume rich people would leggit out of the country, there would still be a market for goods here

This government really need to come up a few different ideas to help the economy. Every day there seems to be a new tax. When will it end for the average person. Lets just all hand over our wages and be done with.

Don’t fall for the “spin”, this is just another stealth tax. Next thing you know, they’ll be trying to charge us for water :-/

I would be in favour of this tax BUT it would have to be implemented in every market. If the UK government did not do the same the majority of jobs in the IFSC would go. (Roughly 25,000 work directly there with another 8,000 in feeder businesses.)
As other people have pointed out the finance industry has got away lightly so far. They caused this mess yet no-one has been prosecuted (in Ireland), only a few have been arrested, They will fight to the end to ensure the regulation of their industry will be a light as possible. The need to overhaul this system is clear but I don’t think any of the worlds governments collectively or individually have the courage to do it.

Sarkozy wont do it he’s full of it .Its all countrys or none!!

I may be wrong but I believe this tax is proposed on shares and not bonds, essentially a way to promote bond buying

why not? it might encourage ordinary people to find ways of living without using banks and money – reducing the banks power, and those who accrue wealth through grossly unethical debt transactions will be forced to pay up at every turn; assuming our inept politicians can ever organise something that economically fair

i think it would cause a ruckus at first but eventually be accepted

As acsual observer I take note that a lot of State employees {ie: banking staff}partake in these online polls

Typo casual ?