Community | February 10, 2010 | 4 comments

Charities team up in call for 'Robin Hood' tax on banks

"Tax, huh?" you're thinking, "That's not exactly the most interesting thing to read about, especially when there's videos of Muppets aflame(d) to watch?"

 

I totally agree so let's make this quick. It's an interesting story plus, as a thanks for your attention, there's a video treat at the bottom.

 

A 'Robin Hood' tax on banks has been proposed by a coalition of 50 groups (including charities like Oxfam and celebrities like Bill Nighy) that could raise as much as £250bn ($400bn) a year that could help protect public services and jobs, fight poverty and tackle climate change.

 

 

According to the coalition, in a statement printed in various news publications today, "The Robin Hood tax is just a tiny tax of an average of 0.05% on certain bank transactions, just 50p on every £1,000 traded."

 

They go on to point out that it wouldn't effect high-street banking, just business, so the general public wouldn't be paying anything. 

 

So there you have it... a tax that people might be happy to support. The coalition likens it to the popular Make Poverty History and calls it an "innovative, modern regular way of accumulating a fund of money to deal with big issues boldy [without] directly taxing the British public themselves."

 

More info: http://robinhoodtax.org.uk/

 

And as promised, here's Beaker being burnt. 

 

 

 

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4 comments // Charities team up in call for 'Robin Hood' tax on banks

richjm
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