Abbott or Rudd? The Punch asks who will be first to support Robin Hood
Who will be first to support the international Robin Hood Tax – Kevin Rudd or Tony Abbott? The answer could be more surprising than you think.
So writes Chris Gardiner, CEO of Police & Community Youth Clubs NSW, in The Punch today.
Australians know that private investment should be a priority, writes Mr Gardiner. But we also know that public revenues need to be raised and allocated, and we need clever taxes that are not so burdensome as to be counterproductive.
“Putting such a small tax on the transactions that have come to dominate international finances, but that have thus far escaped the taxation net, would be a simple and strategic policy move,” Mr Gardiner writes.
“Renowned capitalists George Soros and Warren Buffet as well as Mrs [Angela] Merkel have given their backing for the proposed tax, so Tony Abbott would not be out of place in arguing this case in the Coalition party room.
“It would be a natural element in any social democratic re-working of the tax system by Mr Rudd.”
To read the full article in The Punch, click here.
