Jamra primary scholl for children affected by HIV/AIDS, drugs or poverty, Senegal (c) Nell Freeman/Alliance Participants in the Photovioce project, Ecuador © Marcela Nievas for the Alliance
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Support grows for Robin Hood Tax in Europe

16
MAR
2010

Aids Alliance

Members of the European Parliament recently voted 536-80 in favour of a Robin Hood Tax, adopting a resolution on ‘financial transaction taxes and making them work.’

MEPs called for an EU tax on rich banks to help fund development policies for the poor in order to help rebalance the books after the economic fallout of the banking crisis.

The Resolution approved said a ‘Financial Transaction Tax’ could be used for ‘innovative financing’ for development projects and the environment, and asked the European Commission to look into how to implement such a tax at an EU level if a global level cannot be reached.

Anton Kerr, head of policy at the Alliance said, “This is a very welcome development and shows that the Robin Hood Tax is gaining support. There is growing demand for the financial sector to pay their fair share to mitigate against the impact of the financial crisis at home and abroad.”

“With the increasing popular support for the campaign and our political decision makers really need to listen to their constituents and look to implement a FTT.”

UK, France and Germany have voiced their support a financial tax at a global level.

    There is growing demand for the financial sector to pay their fair share to mitigate against the impact of the financial crisis