New Robin Hood Tax Film: Future News

The Banker is back!

Bill Nighy returns an all-star cast (including The Walking Dead's Andrew Lincoln and Harry Potter's Clémence Poésy) in our new film Future News.

Watch the film to find out what a Robin Hood Tax could achieve in Europe and sign the Million Strong Petition here to help show that this is the most popular tax in history!

 
 

The Banker

See Bill Nighy starring in our brilliant (even if we say so ourselves) launch film, seen by more than 1 million people.

 
 

Robin Hood Tax storms ahead in Europe

In a historical agreement, 10 states sealed the deal for the introduction of Financial Transaction Taxes (FTTs) in a heated session at the meeting of European Finance Ministers on 6 May. George Osborne bristled as the countries led by Germany and France set out that FTTs would be introduced in stages, starting with shares and some derivatives, with revenue beginning to roll in next year.

The EU’s Tax Commissioner, Algirdas Semeta, addressing the televised session made explicit reference to the vast backing of European citizens for the FTT, informing MInisters that testament of this was the Robin Hood Tax action that was currently going on to the assembled press outside. The stunt celebrating the victory of Robin Hood was set in a boxing ring where Robin had the banker on the ropes to the cheers of the crowd but had yet to get his hands on the prize money still being held by Germany’s Angela Merkel and France’s President Hollande.

This accurately mirrors where the campaign has reached. A great step forward has been secured with the political agreement of the 10 countries to proceed but we still have much work to do to translate this into ‘Robin Hood’ spending to protect jobs, boost employment and save lives in poorer parts of the world.

With the likes of Germany, France, Italy and Spain storming ahead, what of the UK? Well, the behavior of our Government has been depressingly negative - trying to stop the FTT pioneer countries proceeding by means of a legal challenge. We are delighted to let you know that last week the European Court of Justice threw out the UK’s legal challenge paving the way for this week’s historic progress. This is a major and embarrassing setback for Chancellor Osborne and a rebuke for championing the interests of the financial sector over the interests of Britain as a whole. Not only was this action ill-timed, misjudged and futile, it will also prove an expensive waste of taxpayer’s money as the Court ruled that legal costs relating to the case must be borne by the UK.

The UK Chancellor may not be on Robin’s side, but many, many others are:

Together, let’s make this the most popular tax in history!

With support for the Robin Hood Tax snowballing amongst UK citizens and Councils; the growing backing of financial experts; the failure of the UK Government to block progress; and a first stage of the FTT being agreed by 10 European countries, we are making real progress - but we still have a long way to go to get the tax we’ve been fighting for!

We need to ensure that we achieve the strongest, broadest tax possible in Europe, covering as many assets as possible and with no legal loopholes for the financial sector to exploit. We also need to ensure that the money goes to the right places: to protect jobs and public services, to meet commitments to clean water, health and education in developing countries and to combat the challenges of climate change. And we need to use the FTT progress on the European mainland to change hearts and minds in the UK, persuading political parties in the run-up to our general election next May that the time for the Robin Hood Tax is now.

Help us get to 1 million voices for the Robin Hood Tax - we have now secured 700,000 - please get 2 people you know to sign so that we can broadcast to the world’s media that the Robin Hood Tax is the most popular tax in history! With your help, we can do it!

 
 
 
 
 
 
 

Stamp Out Poverty campaigns for the Financial Transaction Tax (FTT) – sometimes known as the Robin Hood Tax – a small tax on transactions by financial organisations (rather than individuals) that would raise billions each year to tackle poverty and climate change at home and abroad whilst also reducing the casino-like behaviour of the banking sector.

Recent blogs

Robin Hood Tax storms ahead in Europe

Merkel and Hollande hlding prize money away

In a historical agreement, 10 states sealed the deal for the introduction of Financial Transaction Taxes (FTTs) in a heated session at the meeting of European Finance Ministers on 6 May. George Osborne bristled as the countries led by Germany and France set out that FTTs would be introduced in stages, starting with shares and some derivatives, with revenue beginning to roll in next year.

Read more ››

"FTT in May" say France and Germany

bill 2

The last month has been an extremely exciting one for the Robin Hood Tax campaign. Our new Bill Nighy film has gone down a storm and France and Germany have announced their intention to agree an 11-country Financial Transaction Tax (FTT) before the European elections on 22 May.

Read more ››

Over 300 Civil Society Organisations call on European leaders to implement a strong Robin Hood Tax

rsz_1copy_of_nice_protest

Over 300 Civil Society Organisations, representing more than 70 million European citizens, wrote last week to European leaders and top ministers in advance of vital discussions on the Financial Transaction Tax (FTT) at a Franco-German Summit in Paris on 19th February, specifically to:

Read more ››

From the library

Key reading

Financial Transaction Tax: Myth Busting

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Hillman D and Ashford C, 2012

Stamp Out Poverty have created an extremely useful ‘FTT Myth-Busting’ paper which covers 12 common ‘myths’ concerning the impact of the FTT which continue to be peddled by our opponents. All of which can be shown to be false.

Read more ››