The Robin Hood Tax campaign
Around the world, momentum is building behind a tiny tax on bankers that could generate billions of dollars to help with problems at home and overseas.
It has been given different names in different countries – the ‘Robin Hood’ tax in the United Kingdom and ‘ steuergegenarmut’ or ‘tax against poverty’ in Germany, but we are all talking about the same thing. A financial transaction tax is a tiny tax on the transactions of big banks that could deliver billions of dollars to help ordinary people and fight poverty around the world.
How tiny is this tax?
It is estimated a levy of only around 0.05% on financial transactions could generate between $200-$700 billion worldwide.
So, it’s time to get on board the rushing train of this rapidly building campaign!
Oxfam and the Robin Hood Tax campaign