“The British have been particularly shy about the issues of financial regulation, and attentive only to the interests of the City – hence their reluctance to see the introduction of a tax on financial transactions and tax harmonisation in Europe.”

— François Hollande

As quoted in "New French leader fires a broadside at Britain: You only care about the City of London, says President Hollande" http://www.dailymail.co.uk/news/article-2141040/Francois-Hollande-French-president-says-Britain-cares-City.html (8 May 2012), Daily Mail.

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François Hollande4

24th President of the French Republic 1954

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“But the problem is that the boundaries of tax havens themselves can become very blurred. London is an international financial system that sees trillions of dollars from all over the world go through it each year, and that offers the most sought after financial services. This alone would be enough to make this city a desired anchorage for those looking to launder and reinvest unlawful funds. But there is more; besides this, the British capital is at the heart of the world’s most important offshore system.”

Roberto Saviano (1979) Italian journalist, writer and essayist

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“Despite loud complaints from members of the financial elite about high tax levels, it's interesting to note that they still manage to live in the finest houses, eat at the best restaurants, shop at the most expensive stores. If this is coercion, we should all experience it.”

Linda McQuaig (1951) journalist and author

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“Financially: All attention is engrossed in devising new modes of taxation, without any adequate effort to increase the means of the people to pay; and the consequent vexation and oppressiveness of the taxes imposed, imperial and local. Inequitable financial relations between England and India, i. e., the political debt of,100,000,000 clapped on India's shoulders, and all home charges also…”

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“As far as my tax returns, you don't learn that much from tax returns. That I can tell you. You learn a lot from financial disclosure. And you should go down and take a look at that.”

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“I hold that protection is not only bad economy, but that it is an agency at once immoral and oppressive, based as it is and must be on the exploitation of the community in the interest of favoured trades and financial groups. I hold it to be a corrupting system, because honesty and purity of administration must be driven to the wall if once the principle of taxes for revenue be departed from in favour of the other principle, which I conceive to be of the essence of protection—that, namely, of taxes for private beneficiaries.”

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“A striking feature of financial service activities during the past few decades is that the financial transactions essential to the operation of the 'real' economy has become increasingly dwarfed by speculative activity.”

Peter Dicken (1938) British geographer

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“Efficient financial regulation theories necessarily derive from lucid postulates about the general invariability of human nature, specifically where financial institution executives are involved (see the latest contributions from the field of evolutionary psychology). There is little chance that this will change much over the next few decades -but it is no use complaining, seeing as greed has always been (and will always be) one of the most powerful drivers of capitalist progress.”

Éric Pichet (1960) economist

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“One of these is an increasing awareness of the benefits to our economy, particularly in terms of investment and enterprise, both local and from overseas, of not having the inquisitorial type of tax system inevitably associated with a full income tax. Another is that even I, who have always believed in the vigour of our economy under our present tax regime, have been surprised by the growth of revenue generated at our present tax rates.”

John James Cowperthwaite (1915–2006) British colonial administrator

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“Europe is to be turned into a banana republic by taxing labor – not finance, insurance or real estate (FIRE). Governments are to impose heavier employment and sales taxes while cutting back pensions and other public spending. … The financial privatization and credit-creation monopoly that governments have relinquished to banks is now to really pay off – at the price of breaking up Europe. … The unelected members of the European Central Bank have taken over planning power from elected governments. Beholden to its financial constituency, the ECB has convinced the EU commission to back the new oligarchic power grab. … In sum, the Neoliberal Revolution seeks to achieve in Europe what the United States has achieved since real wages stopped rising in 1979: doubling the share of wealth enjoyed by the richest 1%. This involves reducing the middle class to poverty, breaking union power, and destroying the internal market as a precondition.”

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“The British have been particularly shy about the issues of financial regulation, and attentive only to the interests of the City – hence their reluctance to see the introduction of a tax on financial transactions and tax harmonisation in Europe.”

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François Hollande4

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