Labour pro­poses ‘Robin Hood tax’

The Washington Post Sunday - - THE WORLD -

Bri­tain’s op­po­si­tion Labour Party says it would crack down on tax avoid­ance and in­tro­duce a “Robin Hood tax” on fi­nan­cial trans­ac­tions to fund pub­lic ser­vices if it wins next month’s na­tional elec­tion.

Labour, which is trail­ing Prime Min­is­ter Theresa May’s rul­ing Con­ser­va­tives badly in opin­ion polls, said that 4.7 bil­lion pounds ($6.1 bil­lion) could be raised by chang­ing the tax pol­icy on share trad­ing.

Labour would also take on those in Bri­tain who dodge pay­ing taxes, clos­ing loop­holes and clamp­ing down on havens.

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