The support for a Financial Transaction Tax (FTT) is snowballing in the UK, where there are now dozens of councils (representing over 9 million people – over one-seventh of the UK’s population!) urging the UK government to introduce an FTT, or Robin Hood Tax, thanks to your support.
355 international organisations representing over 200 million citizens from more than 40 nations have sent a powerful message to the leaders of the 11 European countries negotiating the Financial Transaction Tax (FTT) to deliver a strong tax that raises substantial revenue from the financial sector.
Support for the tax is overwhelming, but Osborne is trying to stop it.
This year began with a flying start for the Robin Hood Tax as in January the European Union gave the green light to 11 countries to implement a Financial Transaction Tax (FTT). This was a huge step forward – a tax estimated to raise €37billion a year is in sight and could be implemented as early as January 2014.