Advocacy & Campaigns



Robin Hood Tax



  Act for Peace has joined the campaign to introduce a Robin Hood Tax in Australia – a tiny tax on financial institutions that would raise hundreds of billions every year to fight poverty.

Our goal – to see Australia endorse a Robin Hood Tax at the G20 meeting in June. Nobel Laureates, leading economists, and prominent world leaders agree.

Not complicated. Just brilliant.



How the Robin Hood Tax works

The Robin Hood Tax is a tiny tax (0.05%) on banks, hedge funds and other finance institutions. Levied on foreign exchange transactions, derivatives and share deals, it could raise hundreds of billions of dollars annually.

The tax is on very specific financial transactions, not on the everyday consumer. If enacted it would mean enough money to help provide vital investment in public services like healthcare and schools, as well as aid the fight against global poverty and climate change.

It's proposed that 50% of the money raised by the tax would go toward domestic health and education services in the country levying the tax, and to pay for the cost of the bail-outs associated with the global financial crisis.

The other 50% would be split equally between:

• Assisting poor countries tackle poverty by achieving the Millennium Development Goals
• Helping poor countries adapt to the impacts of climate change

The tax is expected to raise around $400 billion dollars a year (up to $8 billion dollars in Australia). By 2020 developing countries will need around $100 billion to assist them to adapt to the impacts of climate change. Much of this finance could come from the Robin Hood Tax.

Financial institutions through their greed and risk-taking created the global financial crisis, so its time they started to make a contribution to a better world.
Read our Robin Hood Tax frequently asked questions.

Find out more

•  Read more about the Robin Hood Tax by downloading our frequently asked questions.
•  Visit the Robin Hood Tax site





Email
Email
Bookmark and Share

 
   
 
  Site Map | Privacy Policy | Contact Us | NCCA Home
 
  Act Alliance
 
Mail: Locked Bag 199 QVB NSW 1230
FREE CALL: 1800 025 101
Act for Peace is a member of the global
ACT Alliance responding to emergencies
in 140 countries.
   
 
Official Social Networking Sites
You Tube Facebook Twitter Myspace
Christmas Bowl Resources National Council Of Curches In Australia Home Flickr
 
DESIGN BY RED LOUNGE