Tagged: Robin Hood Tax

Press Release

A Eurozone breakup could cost the world’s poorest countries $30 billion in lost trade and foreign investment, international agency Oxfam has warned ahead of the G20 leaders meeting in Mexico to discuss the state of the global economy.

Press Release

European leaders meeting today to discuss ways of boosting economic growth should press ahead with plans for a financial transaction tax (FTT), Oxfam said.

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From East Africa to Japan, from Ivory Coast to Pakistan, the year 2011 has been marked by tragic disasters and crises, which seriously hit the most vulnerable people. Oxfam has responded to these crises, with both emergency and long-term programs, and launched a new global campaign, GROW.

Press Release
Oxfam activists as G20 leaders pose with Robin Hood. Photo: Delphine Bedel/Oxfam

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.

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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.

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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).

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“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.

Press Release
EU leaders with green Robin Hood masks

“Five Years since the introduction of Financial Transaction Taxes: What leaders made it happen? What has the tax achieved?”

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