The Robin Hood Tax – 0.05% Bankers Tax to raise $400 Billion for the Poor
Robin Hood Tax (once before known as the Tobin Tax) is a proposed tax on bankers to the sum of o.05% that would raise an estimated $400 billion to tackle poverty and climate change, at home and abroad.
The supporters of the tax assert that if governments took a tax of 0.05% from international bankers’ transactions, it could generate hundreds of billions of pounds every year – that could stop cuts in crucial public services at home in UK, and help fight global poverty and climate change.
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