A proposed tax for international transactions in UK
Thread poster: Ahmet Murati

Ahmet Murati
Local time: 15:45
English to Albanian
+ ...
Nov 10, 2009

Recently, British Prime Minister Mr. Gordon Brown has proposed to set a new tax that would be applied into international transactions. How the people doing business with UK would be affected by this new tax. The peoples doing for example translations or proofreading of different projects varying from small ones to huge ones will be affected.
Based that in some countries not offer lot of payments methods being available so they are forced to use telex payments or SWIFT because not all the country banks can offer to their clients the IBAN account number. So, by combining new tax and SWIFT tax then the resulted payments are be either lower or the rate price should be raised to be in able to cover this tax. This will have direct impact on relationship between offer and demand. In this way the disagreement on prices per translation can lead to poor quality of translations.

[Redaktuar më 2009-11-10 20:36 GMT]


Heinrich Pesch  Identity Verified
Local time: 16:45
Member (2003)
Finnish to German
+ ...
No such proposal exists Nov 11, 2009

Mr. Gordon Brown only spoke about various ideas that have been put forward in order to make the international finance market more stable. He himself mentioned in his speech those drawbacks you are referring to. So he was not proposing a tax on transactions. Read the full text.


RobinB  Identity Verified
United States
Local time: 08:45
German to English
*Financial market* transactions Nov 11, 2009

Google "Tobin tax" to see what this is about. It has nothing to do with translations, translation prices, translation quality, etc.

It's a non-starter, anyway, and not just because the North Americans have vetoed it: it would be impossible to administer. There are more effective options to control financial market excesses.


Tomás Cano Binder, BA, CT  Identity Verified
Local time: 15:45
Member (2005)
English to Spanish
+ ...
They should leave Nov 11, 2009

I think Mr. Gordon and Mr.Rodríguez Zapatero (Spain's PM) should both leave given the fact that neither of them seems to be able to tackle the crisis with common sense. Instead, all they can come up is more taxes!


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A proposed tax for international transactions in UK

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