“FTTs are commonplace and have been introduced permanently or temporarily over many decades in over 40 countries”

Raising Revenue Report, 2010

“FTTs do not automatically drive out financial activity to an unacceptable extent”
IMF, 2011

FTTs would be “quite progressive”, meaning that it would be the richest institutions and individuals in society which would end up paying the tax
IMF, 2011

“GDP and employment in the UK could be boosted by 0.25% or the equivalent of 75,000 new jobs”
Persaud, 2012

“FTTs will rebalance financial markets away from a short-term trading mentality that has contributed to instability in our financial markets”
letter to world leaders from over 50 top-level financial sector professionals

“One could discuss the use of a part of the revenues from the Financial Transaction Tax for development and climate adjustment”
German Chancellor Angela Merkel, 2011

“It is very plausible that certain kinds of FTTs could work…this money could be well spent and make a difference. An FTT is more possible now than it was a year ago”
Bill Gates, 2011

“I have supported for a long time the creation of a Financial Transaction Tax. And I pledge that a major part of the revenues from this tax should be use for development objectives”
French President, Francois Hollande, at the G20

“there is absolutely no reason why those who helped bring about the crisis shouldn’t pay to restore our finances”
Former French President, Nicolas Sarkozy, Jan 2012

“Because there are so many transactions, [an FTT] could yield several hundred billion dollars in revenue over the next decade. This compares favorably with the savings from many of the harsh spending cuts being proposed in the name of fiscal responsibility”
Paul Krugman, Nobel Prize winning economist

“A tax aiming to redistribute resources in order to achieve greater social equality, especially a proposed tax on transactions made by financial institutions”
definition of the Robin Hood Tax, Oxford Online Dictionary