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Financial Transaction Tax

Also known as a Wall Street Tax or Robin Hood Tax, the financial transaction tax is a tiny fee on the trades of stocks, bonds, and other financial instruments that would generate hundreds of billions of dollars of new revenue.

Friends of the Earth U.S. supports establishing a financial transaction tax in the United States, with a portion of the proceeds allocated to climate finance.

Latest News See All
Sanders and Lee introduce tax on Wall Street greed

Senator Bernie Sanders (I-Vt.) and Rep. Barbara Lee (D-Calif.) today introduced the Inclusive Prosperity Act, which is designed to tax a fraction of a percentage on the trades of stocks, bonds and derivatives.

FTT advances could lead to down payment on climate finance gap

WASHINGTON, D.C. – In response to today’s announcement by European Finance Ministers that advances the proposed European regional Financial Transaction Tax, Friends of the Earth's Senior International Policy Analyst Karen Orenstein said the following: Ten major European countries made progress today in advancing a regional financial transaction tax, popularly known as…

Robin Hood Tax legislation introduced, could generate billions of dollars to fight climate change

WASHINGTON, D.C. – Today Congressman Keith Ellison (D-Minn.) re-introduced the Inclusive Prosperity Act, legislation that would establish a Robin Hood Tax -- also known as a Wall Street Tax -- by placing a miniscule fee on financial transactions. The tax would generate hundreds of billions of dollars in revenue annually for…

Latest Blog Posts See All
A better way: What we would’ve liked to hear in the State of the Union
A better way: What we would’ve liked to hear in the State of the Union

In Tuesday night’s State of the Union address, President Obama set an aggressive tone on a number of key progressive issues, from education to equal pay. And while his speech featured strong points on the importance of tough action on climate change and mocked Republicans for their widespread climate denial,…

Robin Hood to Ban Ki-moon: I can show you the money!
Robin Hood to Ban Ki-moon: I can show you the money!

Among the surging crowds of hundreds of thousands of folks at the People’s Climate March on September 21 in New York, you will see marchers in pointy green felt hats, and if you are lucky, a fully garbed Robin Hood replete with green tights, leather vest and that signature gleam…

Addressing the climate crisis with a Robin Hood Tax
Addressing the climate crisis with a Robin Hood Tax

As president of Friends of the Earth U.S., I am proud to support, on behalf of our more than 250,000 members and activists and in solidarity with our friends from numerous activist organizations, a Robin Hood Tax. Friends, if it isn't all ready clear, we are in this together. The…

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Legislation

Resources See All
  • Big Oil Tax Giveaway Fact Sheet
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  • Letter to President Obama RE: Treasury Secretary
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  • Letter to Secretary of State Hillary Clinton RE: Robin Hood Tax
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