Donning green Robin Hood hats, 1,000 delegates to the Public Services International World Congress rallied today outside the International Conference Centre in Durban South Africa to call for the implementation of a financial transaction tax (FTT), the so-called Robin Hood tax.
PSI and many affiliates have lobbied the OECD and World Bank for support for a .05 per cent tax on all financial transactions to redress the impact of multi-national corporations and the recession brought about by the financial crisis. The tax has been supported in 40 countries to date.
In Canada, the Conservative government shows no sign of moving forward on this important initiative. CUPE has signed on to the campaign which would create much needed public revenue to fund public services and initiatives to address poverty and climate change.
Worldwide, 1,000 economists have endorsed the Robin Hood tax campaign and over 600,000 people have signed the petition.
To find out more about the Robin Hood Tax campaign go to www.robinhoodtax.ca.
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