Richard Curtis and Bill Nighy team up to produce a video for a proposed Robin Hood Tax which would levy a 0.05% tax on all speculative bank transactions, proceeds to go towards socially benevolent programs around the world. Great video (shame the Guardian decided to stick adverts on the front though, especially when the first ad I saw was for American Express! Arf!)
The powerful new coalition of domestic and overseas charities, unions and church groups argue that a Robin Hood tax could generate $700bn (£450bn) worldwide. The tax would see 0.05% levied on each bank trade ranging from shares to foreign exchange and derivatives, creating a cash pile to be spent on measures to combat domestic and international poverty as well as fight climate change.
I have just seen the film on BBC Breakfast about this charity ,and SO agree with the principles discussed about more tax being paid by the banks – with which was our – the tax payers -money.