Time for a Robin Hood Tax
Join our campaign for a new global tax that will create huge change for the world’s poor. Just a tiny tax on bankers will raise billions to tackle poverty and climate change.
Read our report from the first six months of the campaign>>
We are only asking for 0.05 per cent traded by banks - 50p for every £1,000. And yet this could raise around $400 billion per year to help fight poverty and help developing countries combat climate change.
We are also calling for governments in favour of these taxes to implement a tax on trade in currencies now, to show it can be done, and to raise much-needed cash.
A Robin Hood Tax will also ensure banks pay their share of the costs of the global crisis they helped to generate and also discourage risky and short-term speculation. The financial sector urgently needs reforming and this will help.
CAFOD Director Chris Bain says: "It would be morally bankrupt to miss this opportunity. At a time when the financial crisis has pushed developing countries further back in their fight against poverty, we need financial markets that work for development and not against. A Robin Hood Tax is an important and symbolic step in the right direction."
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1. Watch the video above and then tell everyone you know about it: tweet it, put it on your Facebook wall, add it to your blog, show it to your friends. Get the word out however you can. 2. Find out more. Read our Robin Hood Tax: Briefing for campaigners or find posters, Q&A, masks and much more . |
