Blog: Europe
“Financial engineering,” marked by betting in financial markets, high-frequency trades and other forms of financial speculation, continues to play a very large role in the world economy, even after the financial crisis of 2008, when rampant speculation caused a crash and left communities the world over in ruins. Many in these communities have yet to see a real recovery.
A real recovery is the goal of the Robin Hood Tax,...
The Robin Hood Tax moves forward in a major way, in what is being termed a “milestone for tax policy.” Eleven nations in the European Union are participating in a financial transaction tax, sometimes called a Tobin tax, in Europe per “enhanced co-operation” rules of the EU.
It's another sign that our movement is gathering momentum. As more countries support a Robin Hood tax, it helps eliminate the...
The European Commission (EC) announced Tuesday that it supports efforts by 11 European Union economies to move forward on a Robin Hood Tax. As pressure mounts in Europe to find solutions other than devastating austerity measures, the Robin Hood Tax has gained favor as a way to bring in revenue and stabilize those economies currently struggling to survive.
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In a major win for nations committed to blunting austerity and to raising revenue, 11 European nations – two more than the nine minimum needed to form an official European Union agreement – agreed in principle today to press for enactment of a sales tax on financial speculation. An EU parliamentary vote is forthcoming on the measure many see as a critical breakthrough in turning around ailing economies and getting resources to communities in...
