A desperate and largely unknown humanitarian crisis is deteriorating in the Lake Chad Basin region of West Africa, forcing millions of people to flee their homes and leaving millions more in need of humanitarian assistance. Oxfam is providing life-saving support but help is urgently needed to prevent the crisis turning into a catastrophe.
Since the Robin Hood Tax campaign was launched in 2009, it has collected over a million signatures, calling for this tiny tax on financial transactions (FTT) to help protect public services and fight poverty and climate change, at home and abroad. The proposed FTT is a tax of between 0.01% and 0.1% (depending on the transaction) applied to the finance sector that could generate around 37 billion Euros a year Europe wide.
Campaign members across Europe have presented the million strong petition to leaders and finance ministers currently negotiating to introduce their own Robin Hood taxes. It was targeted at eleven European countries (including France and Germany).
With the talks soon coming to a close, we’re urging these leaders to stay strong in the face of sustained lobbying from a financial sector keen to dilute the proposal. We know that the Robin Hood Tax is a great way to ensure that the financial sector pays its fair share; whilst any watering down of this deal could lead to the loss of billions to help the world’s poorest people and the planet.
It’s been a long fight - and with so much at stake - we’re asking Europe’s leaders: will you join the million by backing a strong Robin Hood Tax?
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