A small tax on the banks could raise billions of pounds for home and abroad, but to make this a reality we need your support. Watch this short film then take action!
The case for the Robin Hood Tax
Recently the 'Innovative financing to fund development Leading Group' produced a report called 'Globalizing Solidarity: The Case for Financial Levies.'
The Leading Group made up of 12 countries (Austria, Belgium, Brazil, Chile, France, Germany, Japan, Korea, Norway, Senegal, Spain and the UK) are championing a tax on currency transactions as the most appropriate mechanism to pay for Global Public Goods and recommend this money is collected directly into a Global Solidarity Fund, bypassing national exchequers. We welcome this recommendation.
The Leading Group prefer to champion a tax on currency rather than a full Financial Transactions Tax because it can be so rapidly implemented, helping to provide immediate new money for an urgent cause.
We agree that currency provides the logical next step, the mechanisms for implementation largely exist already. But this should be part of the momentum towards a broader FTT that is capable of raising hundreds of billions a year that are needed to tackle poverty and climate change
Read the full report here.
Take Action!
The Government is asking the public how to cut the national deficit.
Let the Treasury know that the Robin Hood Tax is a great way to raise money to protect spending at home and abroad. Write now!
Find out more about the Robin Hood Tax
A global financial transactions tax could raise billions to tackle health and development challenges as well as climate change and UK poverty.
Robin Hood Tax coalition
A wide range of charities, faith groups, trade unions and campaigns have come together in support of the Robin Hood Tax. You can find out more about the wider campaign and vote Yes or No for the Robin Hood Tax.
