Report: The Robin Hood Tax
Trillions of pounds, dollars, euros and yen are traded every day on international currency markets. Most of this trade is purely for speculative greed. A small tax on such transactions - a so-called Tobin tax - would bring stability to the financial system, preventing the rampant speculation on currencies which caused such damage to the livelihoods of millions during the East Asian financial crisis of 1997-98.
Even at the lowest rates, such a tax also has the potential to raise billions of pounds each year to be used in fighting poverty or mitigating the effects of climate change. War on Want's groundbreaking report The Robin Hood Tax set out the case for a currency transactions tax, and War on Want set up the Tobin Tax Network to develop the proposal and press for its introduction. You can download The Robin Hood Tax for freehere.