Most speculative transactions can be captured: the issue is not technical feasibility, but political will.
At a time when European citizens are making sacrifices under austerity and inequalities are on the rise worldwide, none of the 11 Member States can afford to forego revenue of more than 30 billion euros3 and miss the opportunity to regulate finance. The financial sector is under-taxed – it can afford to be taxed more to repay the costs of public bailouts and the on-going costs of the recession it caused.
Therefore we call on the 11 Member States pursing an FTT agreement under the Enhanced Cooperation Procedure to conclude an ambitious tax in national and international solidarity.
See the full statement and list of signatories here
Read the Stamp Out Poverty blog here
Follow the campain on twitter: The Robin Hood Tax
