Governance
Revenue

Governance

revenue

revenue

Where the money really is!

The case to replace all taxation measures within the UK and internationally by substituting them with one simple Financial Transaction Tax of 1% - FCUKTT

A UK Example Follows


In 2013 a financial tax of just 1% would have raised the following revenue

At least £1.841 trillion

But you are told

  • There is no alternative to increasing VAT to 20%.
  • There is no alternative to slashing public services
  • There is no alternative to making thousands of people redundant.
  • There is no alternative to cutting pensions.

The idea is really simple, and Re Movement has a great deal of difficulty in believing that no-one has thought of it before. Essentially, it is based on the observation that if you take all the financial transactions for 13 major economies, you get a mind-blowing total of $9000 trillion dollars (that’s $ 9000 000 000 000 000). If you add up all the tax revenues for the same 13 countries, you get approximately $9 trillion. That’s 1000 times less. This means that if you imposed a 1% flat rate transaction tax, you would get 10 times more government revenue that they currently obtain.

WeRe Bank seriously thinks that the vast majority of citizens would vote for a scheme in which all taxes (income tax, VAT and sales taxes, and even taxes on profits) are abolished and replaced by a simple to implement 1% fee on all transactions.