I wrote about the Tobin Tax for City AM back when Gordon Brown first brought it up in November. The scheme has been a favourite of anti-capitalist protesters and the radical Left for a long time, the Tobin Tax Initiative was set up in the United States in 1998. It promotes the tax as a way to "tame hot money and fund urgent global priorities."
Now it is being promoted under the faintly ridiculous title of "Robin Hood Tax" by a range of charities and, on Friday, Tory PPC and leader of the Conservative Group on Swansea Council René Kinzett on the ConservativeHome Platform.
The Tobin Tax has been adopted by people looking to do a number of things. Originally the plan was to curb fluctuations in exchange rates by preventing foreign exchange traders moving money around too fast. Then it was adopted as a way of funding various things like the United Nations. Most recently, it has become a way of getting money out of the financial services industry in retaliation for their incompetence leading to the financial crisis.
Last month, TPA Chief Executive Matthew Elliott spoke at the Entrepreneur County conference about the impact of taxation and other policies on entrepreneurs. As part of the event, he took part in a panel discussion with Derek Wyatt MP and Bernard Jenkin MP, following on from a speech by YouGov's Stephan Shakespeare. Entrepreneur Country have now posted a video interview with Matthew: