robin hood tax

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A message for Julia at the G20

8 November 2010 by Archie Law

Later this week world leaders will gather in Seoul, South Korea for a meeting of the G20 and ActionAid will have a small team there for the event.

Our main interest is the establishment of a G20 Development Working Group. However the expectations of the working group and how its mission will compare to that of the G8 are unclear. Our main concern is that this group is pursuing a narrow vision of development which focuses on economic growth without any real concern for inclusiveness or sustainability.

We have six big issues that we’re going to be pushing later this week which I thought I would share with the bloggists:

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Tags: G20, robin hood tax, tax justice

It’s time to take from the rich and give to the poor !!

17 February 2010 by Archie Law | Comments closed

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?

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Tags: actionaid, climate change, robin hood tax