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Robin Hood Tax and naughty Goldman Sachs

If you haven't seen it yet, here's Richard Curtis's (he of Four Weddings and a Funeral and Love Actually fame) short clip with Bill Nighy for the Robin Hood Tax campaign:

… well worth a look. 

The idea of the campaign is to charge 0.05 percent per £1,000 transacted by
banks between each other, and that would raise about £250 billion
globally per year to help aid global poverty and climate change.  Interesting to see that it has gained more than 16,500 supporters since it launched two days ago.

Oh yes, this was interesting as well (from today's Times):

The [Robin Hood tax] poll had to be
suspended shortly after 3.41pm when the "no" vote went from 1,400
to more than 6,000 in five minutes.  Suspicious organisers suspended the ballot while they removed what they saw as
fake votes from the record. Their data revealed that the mystery “no” votes
came from two IP addresses — one privately-owned and hard to trace, the
other, it is claimed, registered to a computer at Goldman Sachs.

Current poll vote is:

YES votes: 29,643
NO votes: 3,539 


About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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  • Why is this called a “Robin Hood” tax? Bank customers (eg, me) are poor whereas multi-millionaire celebrities (eg, Richard Curtis) are not, and neither are banks. If I were Goldman Sachs, I’d start a campaign to force U2 to relocate back from a tax haven to Ireland.