This petition was submitted during the 2010-2015 parliament
Rejected petition ROBIN HOOD TAX
More details
NEW TAXES ON BANKS - - - 1. Financial Transaction Tax (FTT) - A tiny tax of about 0.05% on transactions like stocks, bonds, foreign currency and derivatives. Could raise £250 billion a year globally. Well-tested, cheap to implement and hard to avoid. - - - 2. Increase the bank levy. The one implemented in January wasn't enough. - - - 3. Financial Activities Tax (FAT) - could raise billions through taxing excess profit and remuneration. Broadly equivalent to a VAT-style tax on the financial sector. It could raise £3.9 billion a year in the UK alone – and up to $93 billion across the OECD countries. The UK government has said it is open to implementing a FAT tax, but only together with a group of other countries, for example at EU level. - - - For more info visit www.robinhoodtax.org
This petition was rejected
Why was this petition rejected?
There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
We only reject petitions that don’t meet the petition standards.