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Cardinal O'Brien accuses David Cameron of 'immoral' tax stance

"They should change their policy and implement the Robin Hood tax immediately so that the banks and financial institutions start paying their fair share to help those hit hardest by this crisis." The cardinal was speaking in support of a campaign by the Scottish Catholic International Aid Fund (SCIAF). The aid agency estimates a tax of 0.05% on major financial transactions, such as the trading of stocks, bonds and derivatives, would raise £20bn each year in the UK alone.