Global Week of Action for an international Financial Transaction Tax (FTT)

robin hood tax

CEGAA endorses the worldwide campaign for an international Financial Transaction Tax (FTT) or Robin Hood tax, which features a Global Week of Action from 15 to 22 May 2012.

Driven by a global movement of over 500,000 members fromdevelopment agencies, environmental groups,trade unions and faith groups in 45 countries, this call for a fairer financial system focuses on taxing the financial sector has the power to raise hundreds of billions every year globally for public goods, and is recognised by the International Monetary Fund (IMF), the European Commission, the African Union, the G20 and numerous national governments.

The gap between the funding needed for the global response to HIV and AIDS and the money allocated has widened alarmingly, due to the global economic recession and competing funding priorities and interests. To avert millions of new HIV infections and provide treatment and care for those who need it, we must ensure increased and sustained funding that is effectively managed.

RWANDA Photo credit: Robin Hood Tax Global Campaign
RWANDA Photo credit: Robin Hood Tax Global Campaign

If you want tocreate a fairer world economy that can generate funds for universal access to quality healthcare and achieve all of the Millennium Development Goals, we urge you to get involved in this campaign, during and beyond the Global Week of Action for FTT.

To understand more about FTT, download this fact sheet [PDF]

NACOSA (the Networking AIDS Community of South Africa) has prepared a position paper entitled “Where is the money?” that presents a case for a Financial Transaction Tax (FTT) or “Robin Hood” tax system in South Africa as an innovative “bigger and smarter” approach to generating funds for HIV and health in general. Download the PDF version

Download the FTT Global Week of Action Campaign Toolkit for more background and materials, including useful blog and lobby letter templates[PDF]

For general information about the global FTT campaign, useful online resources can be accessed and cross-published from the Robin Hood Tax site