the city

U.S. Investors, Take Note: The Robin Hood Tax May Be Coming

It's a simple idea: Levy a tax on stock, bond, and derivatives trades so small that it only impacts speculators and the biggest high-speed traders, and use the proceeds to fight poverty and climate change. In Europe, it's gaining momentum, and the U.S. could be next.

U.K. Budget Would Levy New Tax on Banks, Hike VAT

In laying out a new budget to tackle Britain's fiscal mess, newly appointed Chancellor of the Exchequer George Osborne has proposed a multibillion-pound bank levy, which will apply to the balance sheets of U.K. banks, as well as a hike in the value-added tax.