New study finds that a European Financial Transactions Tax (commonly called a Robin Hood Tax) could generate between 18 and 45 billion euros a year in Germany alone.
Eleven EU countries received overwhelming support to pursue introduction of Financial Transactions Tax. The countries involved account for 90 per cent of the Eurozone's Gross Domestic Product.
Modern day Robin Hoods disrupt traffic in financial district chanting "Tax Wall Street and End AIDS".
New York (27 April 2012) - A number of activists with AIDS Coalition to Unleash Power (ACT UP) and Occupy Wall Street, dressed in Robin Hood costumes, were arrested in New York following a protest in the financial district.
The federal budget will increase income inequality, decrease the quality of life for Canadians and slow economic recovery.
With Italy, France and Germany already in support, the UK is now the only centre-right Government amongst Europe's five biggest economies not to back the tax.
Advocates see progress during meeting as number of countries backing the Robin Hood Tax continues to grow. Canadians see need for more pressure on Harper government to join.
The 99% and the 0.001% agree on something. Will Harper government continue to oppose?
Respondents in half of 99 countries surveyed say they do not have confidence in their national governments.
The lawmakers proposal follows a similar measure being discussed by the European Union (EU).
The Harper government's opposition to the Robin Hood Tax draws criticism from Canada's Occupy movement.