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ROBIN HOOD TAX

Submitted on Thursday 4th August 2011

Rejected on Wednesday 21st June 2017

Current status: Rejected

Rejection code: duplicate (see below for details)

Petition Action

ROBIN HOOD TAX

Additional Information

NEW TAXES ON BANKS - - - 1. Financial Transaction Tax (FTT) - A tiny tax of about 0.05% on transactions like stocks, bonds, foreign currency and derivatives. Could raise £250 billion a year globally. Well-tested, cheap to implement and hard to avoid. - - - 2. Increase the bank levy. The one implemented in January wasn't enough. - - - 3. Financial Activities Tax (FAT) - could raise billions through taxing excess profit and remuneration. Broadly equivalent to a VAT-style tax on the financial sector. It could raise £3.9 billion a year in the UK alone – and up to $93 billion across the OECD countries. The UK government has said it is open to implementing a FAT tax, but only together with a group of other countries, for example at EU level. - - - For more info visit www.robinhoodtax.org


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This petition was rejected

The Government e-Petitions Team gave the following reason:

There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

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