It's time for Tobin
War on WantÂ created the Tobin Tax Network in the UK to campaign for a tax on currency transactions. The work on currency transaction taxes and other innovative forms of development finance has been carried on by the Stamp Out Poverty coalition, which War on Want chairs. The campaign has reached a new peak in 2010 as a result of the economic crisis, with calls for a financial transactions tax to cover trading in currencies, shares and derivatives. War on Want is a leading player in this campaign for financial justice.
The film below, produced as part of War on Want's original Tobin Tax campaign, shows what happens when currency speculators prey on developing economies. Our thanks to Radiohead and Ewan McGregor for their contributions.
Visit Stamp Out Poverty to find out more about currency transaction taxes and other innovative ways of bridging the funding gap required to bring the world's poorest people out of poverty.