The Robin Hood Tax campaign is a movement bringing
together dozens of organisations that work to reduce poverty in the
UK and overseas, and campaign to tackle climate change. They have
come together during the economic crisis to campaign for a new deal
between banks and society.
The Robin Hood Tax is a tiny tax on banks, hedge funds and other
finance institutions that would raise billions to tackle poverty
and climate change, at home and abroad.It can start as low as 0.005
per cent - and average 0.05 per cent . But when levied on the
billions of pounds sloshing round the global finance system every
day through transactions such as foreign exchange, derivatives
trading and share deals, it can raise hundreds of billions of
pounds every year.
And while international agreement is best, it can start right
now, right here in the UK. That can help stop cuts in crucial
public services in the UK, and aid the fight against global poverty
and climate change.