02/11/2011 - Church Backs Financial Transactions Tax

Church Backs Financial Transactions TaxChurch Backs Financial Transactions Tax.

In a recent report in the Financial Times, the Archbishop of Canterbury, Dr rowan Williams has backed calls for a new tax on financial trading, which has been dubbed a “Robin Hood” tax.

The new tax would levy a small tax on share, bond and currency transactions, but the government have stated they would only consider such a tax if it were to be introduced globally.