Tagged: Robin Hood Tax
What should have been a watershed G20 summit for shared global prosperity fell short of its potential – but some of the strongest ideas, especially the Robin Hood Tax, did overcome the opposition of some countries.
At the 2011 G20 Summit in Cannes, Bill Nighy joined Oxfam and others from around the world to urge leaders there to back a financial transaction (a.k.a. Robin Hood) tax.
Aid from rich nations is likely to fall by at least $9.5 billion by the end of 2012 – the biggest drop in aid for 15 years, according to new calculations by international agency Oxfam ahead of this week’s G20 Summit (Nov 3-4).
“Food, funds, inequality” issues will test G20 leaders’ ability to transform the global economy. The 2011 G20 Summit could be a watershed for global stability and prosperity if leaders rise above a narrow vision of self-interest and act decisively for the world’s poorest citizens.
“Five Years since the introduction of Financial Transaction Taxes: What leaders made it happen? What has the tax achieved?”
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