The Robin Hood tax is a way to make bankers pay their fair share and benefit some of the poorest in the world.
The tax is a small levy on financial transactions that could raise enough money to pay for vital public services, fight poverty and climate change across Europe and beyond -- it could reverse the disastrous consequences of the financial crisis.
European leaders are meeting soon to decide whether or not to support the Robin Hood tax but they are under pressure from global finance to stop the tax. If we make our voices heard now, we can make sure the tax passes and refuseniks like the US and the UK follow suit.
Add your voice to ask European leaders pass the Robin Hood tax and make history!
The Robin Hood tax or the Financial Transaction tax is a 0.05% tax on financial transactions worth billions or more Euros; it could raise €37 billion Euros to pay for public services and fight poverty and climate change.
The financial transaction tax works like this: governments would collect a tiny tax on financial transactions made by big banks on investments like buying and selling shares, bonds, the currency markets and on commodity trading.
But this isn’t only about money. If this law passes, banks and global finance, would finally pay for the mess they put us in. And correct the injustice where those who have paid for the consequences of the financial crisis are those who had nothing to with it in the first place.
Our friends at the Robin Hood Tax campaign, have been organising for this moment for years. The global finance lobby may have money but we have the most powerful tool of all: our collective voice.
It’s time for bankers, hedge-funds and the financial system to take responsibility for the crisis.
Ask European leaders to pass the Robin Hood Tax and change Europe forever!
For more information:
Everything you need to know about the Robin Hood Tax, The Robin Hood Tax Campaign, 2010.