Robin Hood Tax refers to a set of Financial Transaction Taxes (FTTs) on financial market transactions. The goal of this type of tax would be to raise additional revenues from the financial sector that could support projects that benefit the general public, such as poverty reduction. This international movement originated in the UK in 2010 with a proposed tax on all transactions in the financial market that would average 0.05 per cent.
The movement has received numerous endorsements internationally, including a group of economists from over 50 countries who urged the G20 countries to adopt taxes of this nature.
Image Source: Jo Jakeman, CC BY 2.0
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