Definition of “Robin Hood tax” - English Dictionary

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“Robin Hood tax” in Business English

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Robin Hood taxnoun [ C, usually singular ]

uk us TAX, BANKING, FINANCE, POLITICS

a suggested set of taxes on banks and financial transactions (= the buying and selling of shares, bonds, etc.) that would provide money to protect public services and the environment, help the poor, etc.

(Definition of “Robin Hood tax” from the Cambridge Business English Dictionary © Cambridge University Press)