Some call it the Robin Hood Tax, others call it the Financial Transaction Tax, others call it a really good idea.
This tiny tax could take $US400,000,000,000 globally out of the pockets of the those who got rich by crashing the economy and use that money to stop domestic service cuts and help the people… More >>
The past months have seen many countries formally endorse and promote financial transaction taxes. And most importantly José Manuel Barroso, the President of the European Commission, has announced that they will introduce legislation to the European Union for the implement financial transaction taxes. The legislation is expected after the European summer after the Commission tables… More >>
Some of the nation’s best known charities, trade unions, academics and environmental groups have called on the federal Government to support a ‘Robin Hood tax’ in an open letter to the Prime Minister, Julia Gillard.
The 0.05 per cent levy on financial transactions would generate billions of dollars to invest in anti-poverty and climate change programs… More >>
International Catholic development alliance CIDSE has published a review of a financial transaction tax estimating that as much as €465 billion or $635 billion could be raised each year from a 0.05% financial transaction tax. This is vital funding for climate change, as the UN works towards the creation of a new fund.
“The fight… More >>
The French National Assembly has passed a resolution to partner with the German government in proposing a European Financial Transaction Tax (Robin Hood Tax) with revenues raised committed to development and climate change.
The resolution praises President Sarkozy for his commitment to the FTT and decides that together with the German chancellor and government present a… More >>
In March this year, the European Parliament voted in favour of adopting financial transaction taxes (aka Robin Hood Tax) however the European Commission is the body that drafts and adopts legislation for the EU and is the body that remains reluctant to support financial transaction taxes. This position is contrary to the against the majority… More >>
