Nobel prize winning economist Joseph Stiglitz has said a Tobin tax on
financial transactions is both necessary and possible.
Speaking in Istanbul he backed an idea first floated in the UK by Financial
Services Authority chairman Lord Turner.
He was widely criticised for the proposal, but backing from one of the
world’s most respected economists will add credence to introducing the new tax.
Daily Telegraph reported that Stiglitz said modern technology meant that a
Tobin tax was now a feasible idea.
Stiglitz is quoted saying: “The financial sector polluted the global economy
with toxic assets and now they ought to clean out.”
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
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