Taxing banks

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A Robin Hood Tax - a financial transaction tax - is back on the agenda thanks to the EU, and rightly so.

I wrote about this in 2010 in a joint publication called 'Taxing Banks'. In it I set out the data supporting such a tax, estimated how much it would raise and suggested - contrary to the claim of bankers - that the charge would not end up falling on bank customers but on the banks themselves.

Nothing much has changed in the meantime - except the extent of regret at not acting sooner - so I offer the publication again now.