Group of European countries agree to push ahead with Robin Hood Tax
A coalition of willing countries today agreed to press ahead with plans for a European Financial Transaction Tax (FTT). Their decision came after proposals for
Stamp Out Poverty is a network of development agencies, charities, faith groups and trade unions campaigning for a Financial Transaction Tax (FTT) – sometimes known as the Robin Hood Tax. The FTT is 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.
Over the last two years the Robin Hood Tax campaign has grown internationally with campaigns emerging in Europe, the US and as far afield as Australia.