On 22 January, 11 countries, including four of the biggest economies in Europe, agreed to implement a financial transactions tax. The new leader of the global union federation Public Services International, Rosa Pavanelli, welcomes this initiative: “Fair taxation is key to the equitable redistribution of wealth. We believe the funds raised from such a ‘Robin Hood Tax’ should be used to support sustainable jobs, tackle poverty and inequality, make public services such as healthcare accessible to all, and strengthen the global fight against climate change. An FTT will also help to curb runaway financial speculation.”