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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Now or never for the Robin Hood Tax

17
FEB
2011

Aids Alliance

Thursday 17 February is a global day of action to push forward the Financial Transaction Tax, or Robin Hood Tax, under the French presidency of the G8 and G20.

As part of the global day of action campaigners around the world are directing a targeted lobbying offensive towards UK, German and French embassies in over 20 countries. Activists visited local branches of the world's biggest banks and called on them to pay their fair share.

France is the country most in favour of the Financial Transaction Tax so their presidency of the G8 and G20 this year makes this a pivotal time for the campaign.

“Its time for governments to take a stand against the banks and introduce a Financial Transaction Tax this year”, says Anton Kerr, Head of Policy at the Alliance. “Our efforts to reach universal access to HIV prevention treatment and care is under threat because of the global financial crisis the greedy banks have caused. They can afford to contribute more.”

You can sign the petition to implement a Financial Transaction Tax in 2011 below.

A free panel debate on the Robin Hood Tax is taking place on Tuesday 29th March at St. Paul's Cathedral. Click here for more details.

Check out the photos of the day of action from the UK and around the world.

Learn more about the Robin Hood Tax campaign and what it could mean for health and HIV funding.

Robin Hood Campaign activists believe that twenty-five per cent of the revenues should be directed towards fighting global poverty. While the problems of the financial crisis felt at home are painful, they have been amplified in poorer countries. As a direct result of the crisis, developing and emerging country output, exports, migrant remittances, capital inflows, and foreign aid have all been lower than expected over the last three years. On the ground, this has had a devastating effect on the lives and livelihoods of the most vulnerable. Revenue raised by a Robin Hood Tax could be used, for example, to build primary healthcare and education systems in developing countries, and to extend microcredit to local businesses.