A small tax on banking transactions could yield enormous sums. It's also known as a Tobin Tax. Watch the video and perhaps sign the petition.
Petition text is
Dear Gordon Brown, David Cameron and Nick Clegg
It’s time for banks to pay their fair share.
We call on you to support a “Robin Hood Tax” on banks. It’s a small tax on high value transactions between banks that would raise hundreds of billions of pounds that would be used to fund action against climate change, poverty and other big issues in Britain and around the world.
Together we can turn the banking crisis into an opportunity for Britain and the world. Please support the Robin Hood Tax.
'Gordon Brown will bring up Bankers Tax in June at International Summit' response in Financial Times morning after video posted.ReplyDelete
Hi Debra! your blog's great, I'm subsribing via the google thing. Thought I'd post up the text of Patrick's recent parliamentary motion on Robin Hood tax, just for your readers' info.ReplyDelete
S3M-05746 Patrick Harvie (Glasgow) (Scottish Green Party): Robin Hood Tax—
That the Parliament commends the campaigners behind the Robin Hood Tax, a proposal to levy an average 0.05% tax on speculative banking transactions and spend the many billions of pounds raised on protecting vital public services and on fighting poverty and climate change; notes that there is support for the Robin Hood Tax from organisations including Oxfam, the New Economics Foundation, People & Planet, Barnardo’s and a host of others; believes that, after the crisis in banking and the huge public bailout that followed, this proposal is not only necessary but also an entirely desirable way of moving toward a fairer and more sustainable economy, and urges the Scottish Government to lend its support to the campaign, which can be found at http://robinhoodtax.org.uk.
Supported by: Jamie Hepburn, Rob Gibson, Bill Kidd, Marlyn Glen, Dr Bill Wilson, Stuart McMillan
Lodged on Wednesday, February 10, 2010; Current