Submitted on Friday 5th August 2011
Rejected on Wednesday 21st June 2017
Current status: Rejected
Rejection code: duplicate (see below for details)
Financial Transaction('Robin Hood') Tax
Basically, what we're after is a tax that raises billions of pounds annually from the financial sector, and which generates revenue to fight poverty worldwide and to tackle climate change.
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.
In fact, there are already lots of different transaction taxes implemented by many countries, including in the UK. They all work on the same principle: taxing every transaction a very small amount. We think there should be a lot more of them, particularly in areas not yet taxed, like currency transactions and derivatives.
Importantly, transaction taxes are also good in that they would reduce the amount of the most risky transactions, the gambling which helped to trigger the financial crisis.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
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.
You are more likely to get action on this issue if you sign and share a single petition.
3.143.237.203 Tue, 24 Dec 2024 02:57:56 +0000
