The Banker

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

 
 

#TheTimeIsNow

Thousands of organisations, representing 140 million European citizens in 39 countries tell leaders that #TheTimeIsNow for the FTT.

In December 2015, the leaders of 10 European countries including France and Germany gave themselves a deadline – to agree the world’s first regional financial transactions tax (FTT) by June 2016. That time is upon us and our eyes are on them.

If politicians say ‘yes’ to a strong deal on 17 June the FTT could raise billions for people and planet, helping to fight against climate change and poverty at home and abroad. A doubly beneficial tax, not only would the FTT bring in much needed revenue for government coffers, it could also provide greater oversight to financial authorities, greatly helping in the battle against tax dodgers.

Not surprisingly, the financial sector is trying its very best to derail the process. They are putting pressure on politicians to change their minds and doing all they can to weaken the agreement in June. But, citizens across Europe are showing strength in numbers. They are sending strong messages to the politicians to make them listen to the people and those who could benefit most from the FTT.

Thousands of organisations, representing 140 million European citizens in 39 countries have signed a letter putting pressure on the 10 heads of states, urging them to keep to their promise to finalise a strong agreement in June. And it isn’t just organisations who are piling on the pressure, celebrities like Bill Nighy are backing the campaign and telling governments to keep to their word and agree the FTT in June as a matter of urgency.

“History could be made this year with a tiny tax on transactions. The leaders of these ten countries must not hesitate. It’s an emergency. There is no attractive reason for delay.” Bill Nighy

This is the closest we have ever been to an agreement and we need to keep the pressure up.

Tell leaders: be on the side of the people, not the financial sector – keep your promise and seal the deal for an FTT in June.

Take action now!

 
 

Hands up for the FTT

Oxfam Germany ask its Minister of Finance to do something very simple - put his hands up and say yes to the Financial Transactions Tax.

 
 
 
 
 
 
 

Stamp Out Poverty campaigns for the Financial Transactions Tax (FTT) – popularly 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

#TheTimeIsNow

RHT_world_Leaders_Pic_only_TW

Thousands of organisations, representing 140 million European citizens in 39 countries tell leaders that #TheTimeIsNow for the FTT.

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Big step forward

Spanish Robin Hood Tax campaigners at the global climate march on 29th November

In an important step forward, ten European governments have made major progress towards the creation of the world’s first regional tax on financial transactions. This could have a big impact on funding for public services, as well as the fight against poverty and climate change.

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Four weeks to step up!

The V20: Afghanistan, Bangladesh, Barbados, Bhutan, Costa Rica, Ethiopia, Ghana, Kenya, Kiribati, Madagascar, Maldives, Nepal, Philippines, Rwanda, Saint Lucia, Tanzania, Timor-Leste, Tuvalu, Vanuatu and Vietnam.

With years of climate negotiations culminating in a huge UN summit (COP21) in December in Paris, the pressure is mounting. Rich countries need to urgently commit the funding needed to help protect lives in poorer countries in the face of devastating global warming. The Robin Hood Tax is being put firmly on their radar – but will they commit?

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Key reading

Closing the Stamp Duty Loophole

Avinash Persaud – Intelligence Capital, April 2015

This paper estimates that £1.2bn to £1.9bn could be generated by closing loopholes in the UK’s stamp duty on share transactions, leading to an increase in total revenues from £3.1bn to £4.3bn to £5.0bn.

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