From the TUC

Spain joins Robin Hood Tax campaign

21 Sep 2010, by in Economics, International

Spain’s Prime Minister José Luis Rodríguez Zapatero is the latest world leader to join the campaign for a Robin Hood Tax. Speaking at the UN Millennium Development Goals summit on Monday, he backed the call made by French President Sarkozy (here in French) minutes earlier for a financial transactions tax.

With a further discussion on a possible EU FTT at the end of the month, that means that the governments of Austria, Belgium, France, Germany, Greece and Spain are now firmly committed to an FTT.

Zapatero’s remarks (read them in Spanish) in New York saw him saying:

“If we want effective global governance, if we want shared responsibility in the face of global challenges like the battle against poverty, then we also need a system of global incomes. In this regard, I express support for the establishment of a tax on financial transactions, the revenue potential of which depends more on its coverage than on its intensity – a tax to be adopted with extensive international backing and be integrated into the global framework of reforms of the financial system promoted by the G20.”

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