Robin Hood tax

English

Etymology

The tax is aimed at the wealthy with revenue to be used for the benefit of poorer citizens.

Noun

Robin Hood tax (plural Robin Hood taxes)

1. A tax on financial transactions.

   Synonym: FTT

   • 2017, Jason Hickel, “Inventing the Future”, in The Divide […] , London: William Heinemann, →ISBN:

     A basic income could be funded in a variety of ways, including progressive taxes on commercial land use, like the land value tax made famous by the American economist Henry George, or taxes on capital gains, foreign currency transactions and financial transactions, such as the Robin Hood tax suggested by Nobel Prize-winning economist James Tobin.

Further reading

• Robin Hood tax on Wikipedia.Wikipedia