Daiana Beitler of Just Economics has just completed and released a report for Health Poverty Action and Stamp Out Poverty that looks at Financial Transaction Taxes – one of the core parts of the Robin Hood Tax campaign. The report looks at where and how FTTs have been used to assess their feasibility and the potential of raising further revenue.
The good news from the report is that FTTs are already in widespread use around the world, having been implemented in over 40 developed and developing countries over the last few decades. It appears that, rather than being some “fringe” idea, these taxes are already very much in use and some have had considerable success in raising revenue to fund public spending and safeguard the provision of services such as healthcare. Continue reading