February 17 marks the Global Day of Action for a Robin Hood Tax. Hundreds of campaigning organisations from over twenty countries, including Oxfam, will be calling on governments to support a Financial Transaction Tax (FTT) on the millions of large transactions that take place every day between financial institutions. It is expected that a tiny tax of only 0.05 per cent on banking transactions could produce billions of dollars to help repair the human damage caused by the global economic crisis, protect public services at home, fight poverty abroad and help foot the bill for climate change.
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