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Robin Hood is an English folk hero said to have stolen from the rich to give to the poor. Redistributive taxes have thus long been called Robin Hood taxes. In 2001, the charity War on Want released The Robin Hood Tax, [11] an earlier proposal presenting their case for a currency transaction tax.
Worldwide: According to the Robin Hood Tax campaign a FTT rate of about 0.05% on transactions like stocks, bonds, foreign currency and derivatives could raise £250 billion a year globally [116] or £20 billion in the UK alone. [117] United States: The Center for Economic and Policy Research estimates a US FTT to raise $177 billion per year. [118]
The cold, hard facts The New York Times is reporting that the "Robin Hood Tax" -- a. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Sign in ...
By the late 1990s, the term Tobin tax was being applied to all forms of short term transaction taxation, whether across currencies or not. The concept of the Tobin tax is being picked up by various tax proposals currently being discussed, amongst them the European Union Financial Transaction Tax as well as the Robin Hood tax.
In January, 11 European countries moved significantly closer to implementing a financial transaction tax, known informally as a "Robin Hood" tax, which would be levied on stock, bond, and ...
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