
Whilst banks around the world are back in the black and back to paying massive bonuses to their executives, millions of poor people around the world are reeling from the global financial crisis which has been caused by their greed.
ActionAid is supporting the call for a tiny tax on the bankers, a “Robin Hood Tax” that takes from the rich to give to the poor. A .05% tax on global financial transactions by banks and other financial institutions like hedge funds would raise billions to assist people affected by climate change and extreme poverty. In Australia we all pay a GST of 10% on practically everything we buy, so why shouldn’t the banks be paying a tax on their transactions?

After nearly two weeks of snail paced negotiations in Copenhagen, ActionAid decided that enough was enough. We decided it was time for our 


