Attached is a short two page update on where we are with the progress towards a Robin Hood Tax, or Financial Transaction Tax, in Europe. Things have really moved on, an as we approach the momentous year of 2015, the chances of securing revenues from the European FTT to help finance the SDGs and fighting climate change are high.
• Ten countries in Europe, representing 88% of GDP finalising design and legislation for FTT by end 2014
• France has implemented a unilateral FTT, and 20% of the revenues going to support health in West Africa
• Opposition Labour party in UK has said if elected in May 2015 it will close loopholes in the UK stamp duty (an existing FTT on share transactions), to boost funding to the National Health Service.
• All eyes on German presidency of G7 in 2015 to see clear announcements on allocation of revenues from FTT to development and climate change, ahead of Addis Financing Conference, SDG announcements and the Paris Climate Summit.
If you want some fun and have not seen it already, do watch this funny sequel to the original Bill Nighy Robin Hood Tax film https://www.youtube.com/watch?v=8ghKdH1iJBc.
MAX LAWSON | Head of Global Policy and Campaigns | Oxfam GB
+ 44 (0)1865 472248 |+44 (0)7789 913628 | Skype: maxlawson1| Twitter: maxlawsontin
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