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Lobbying to kill off Robin Hood
Banks and financial companies are doing their best to stop the introduction in the European Union of a financial transaction tax (FTT), better known as a Robin Hood tax. A proposal is on the table, but industry has put all its lobbying machinery to work, implementing a scaremongering strategy, to convince member states to reject the tax. There is a real risk that their lobbying will pay off, either by defeating the entire idea of taxing transactions, or by watering down an already timid proposal.  Read the report...