Make the Robin Hood Tax Work for the Global Fund | January 01 2015
It’s official: the Robin Hood Tax is the most popular tax in the world. Over a million actions have been taken calling for this tiny tax on financial transactions: to help protect public services and fight poverty and climate change, at home and abroad.
Thank you to all the GFAN members that signed the petition!
Presented to decision-makers across European capitals, the Million Strong petition is the latest initiative from the growing global campaign for financial transactions taxes. The call was targeted at the leaders and finance ministers of eleven European countries (including France and Germany) currently negotiating to introduce their own Robin Hood Taxes.
With the talks soon coming to a close, we’re urging these leaders to stay strong in the face of sustained lobbying from a financial sector keen to dilute the proposal. We know that the Robin Hood Tax is a great way to ensure that the financial sector pays its fair share; whilst any watering down of this deal could lead to the loss of billions to help the world’s poorest people and the planet.
It’s been a long fight – and with so much at stake – we’re asking Europe’s leaders: will you join the million by backing a strong Robin Hood Tax?
We still need to ensure that the final FTT generates funds to fight AIDS, tuberculosis and malaria.
Since the allocation announcement, the Global Fund has received funding requests of US$2 billion over what it can currently allocate from resources mobilized so far.
This number will only increase as new proposals are submitted in 2015 and 2016. High quality, life-saving programmes are ready to be implemented but are waiting for new money to come in.
The Robin Hood Tax can help alleviate this disparity.
Read and share more about the Robin Hood Tax:
- Why Global Fund supporters must back the Robin Hood Tax
- Infographic: The FTT – An Opportunity for the Global Fund
- Support for FTT from HIV researcher Dr. Barré-Sinoussi
- The Robin Hood Tax: an opportunity for Global Fund resource mobilization
- French civil society organizations respond to France’s position on the FTT
We need to keep the pressure on decision-makers to ensure that the tax:
- includes as many transactions as possible with strong tax rates;
- agrees a binding timetable to tax more financial transactions in the future; and
- is spent on global health, protecting public services, poverty reduction and fighting the harmful effects of climate change.