Corbyn wants a type of financial tax that could hurt pensioners — not bankers
|05/16/2017||Posted by BusinessMediaguide.Com under General World News||
LONDON — Labour leader Jeremy Corbyn wants to introduce a “Robin Hood Tax” should his party come into power — but the plan is already facing a backlash.
The tax is meant to re-distribute wealth from rich bankers and investors to those in need. But a whole range of financiers have warned that the tax will hit pensioners in the pocket — not the bankers or richest 1% in Britain as Corbyn intends.
‘Robin Hood Tax’ explained
Labour pledged in its manifesto to impose a “Robin Hood Tax”, more formally known as the Financial Transaction Tax (FTT). It would mean adding a read more >>>