Definition of Robin Hood tax in English:

Robin Hood tax


  • 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’
    • ‘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).’
    • ‘The prime minister must now prove that he is serious in his support for the Robin Hood tax.’
    • ‘According to its proponents, the Robin Hood tax is the simplest, fairest solution to these ills.’
    • ‘In Britain, War on Want calls it a 'Robin Hood tax', to show that the tax can be used to take from the rich to give to the poor.’
    • ‘A proposed levy on banks' financial transactions has been nicknamed the Robin Hood tax.’
    • ‘It does nothing substantial about banking reform, and while it pays token attention to a Green New Deal, there is no mention of a Robin Hood tax.’
    • ‘Campaigners for a so-called Robin Hood tax said Osborne could have raised 20 bn through a financial transaction tax.’
    • ‘Their alternative is for the state to increase its remit over corporations, imposing a 'Robin Hood tax' on the banks and closing tax loopholes, as well as saying no to 'unfair and unnecessary' cuts in state expenditure.’
    • ‘The question, should oil companies be charged a Robin Hood tax that would fund rebates for consumers?’
    • ‘What there is is mixed but perhaps leaning against the Robin Hood tax.’
    • ‘This month, 350 prominent economists have publicly backed a proposed "Robin Hood tax" on speculative financial transactions.’
    • ‘Imagine him saying that the money will be made available either through quantitative easing or by adopting a Robin Hood tax.’
    • ‘Last week a development charity press office sought my support for a "Robin Hood tax".’
    • ‘"Presumably this means a Robin Hood tax will be in the party's next manifesto," suggests Richard.’


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