A tax rate of 0.005 % has been put forward approximately 5cents for every $1000 traded via transactions such as foreign exchange, derivatives and share deals. The proceeds are to be used to combat poverty by investing in schools, health services and infrastructure at both a domestic and international level. Not just an idealist dream the quantity of funds raised would be substantial and the idea has support from economists, business people, the current French president and British prime Minister so far. Get some detail and facts for yourself.
To build support locally and convince treasurer Wayne Swan please email him before April 23, 2010.
A recent article from the Age: Robin Hood tax a salve for banking sorrows