What does it mean Well its all part of The Robin Hood Tax that has the backing of Celebs, Charities and Unions and is gaining favour with Politician's all over the world. This is a campaign to tax the banks to raise as much as $400 billion by taxing the banks on transactions.
The big idea
What is it?
We are calling for governments around the world to implement a tax on financial transactions – called the Robin Hood Tax.Implemented globally, it would tax the trade of certain financial assets. Things like stocks, bonds and foreign exchange, traded both physically and as derivatives (options, forwards, futures and swaps), and bought and sold on Exchanges and Over the Counter (OTC). While OTC trades are technically more difficult to capture, the long-term goal is for all financial transactions to be taxed.
How much would it raise?
Up to $400 billion globally every year. The rate of tax would vary from 0.5% on stocks to 0.005% on currency transactions.
Merry (wo)men
Bands of merry men (and women) are all over the web making a noise about the Robin Hood Tax. Join in, cause some mischief and get your friends on board too.
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