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Robin Hood tax

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Definition of Robin Hood tax in English:

noun

informal
A tax aiming to redistribute resources in order to achieve greater social equality, especially a proposed tax on transactions made by financial institutions: any indication that the Robin Hood Tax might be implemented soon will be welcomed by anti-poverty campaigners
More example sentences
  • The Greens' Policy on Economics includes tariff increases, the implementation of an international currency transactions tax or Robin Hood tax, and reintroducing estate duties on personal inheritance (death duties).
  • This month, 350 prominent economists have publicly backed a proposed "Robin Hood tax" on speculative financial transactions.
  • A proposed levy on banks' financial transactions has been nicknamed the Robin Hood tax.

Origin

1960s: from the legend of Robin Hood, who reputedly stole from the rich in order to help the poor.

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