Robin Hood Tax hits Sydney – It’s a tax on banks, not you – Youtube
Posted on June 7, 2010 by by valerirojas
The Robin Hood Tax campaign hit the streets of Sydney on the 20th of May and they have now uploaded their video campaign on youtube.
But what is the Robin Hood Tax?
The Robin Hood Tax is a tiny tax on financial speculation by investment banks, hedge funds and other finance institutions that would raise billions to tackle poverty and climate change, at home and abroad.
It can start as low as 0.005 per cent – and average 0.05 per cent. But when levied on the billions of dollars moving round the global finance system daily through transactions like as foreign exchange, derivatives and share deals, it could raise hundreds of billions of dollars annually.
That can provide for vital investment in crucial public services like healthcare and schools, aid the fight against global poverty and climate change, and ask the banks to play their part in helping shape the future of our world.
Find out more about it at RobinHoodTax.org.au and also watch this video.
