A Great Tax Morning
On February 5, Finnish civil society organisations are organising "a Great Tax Morning" ahead of the Leading Group on Innovative Financing for Development's plenary session.
Nurses call for international campaign for financial transaction tax
National Nurses United (USA) demand what they’re calling a Robin Hood tax, which would charge half of 1 percent for all financial transactions on Wall Street over 100 dollars, which they say could generate an estimated 350 billion dollars per year. (May 2012)
Lobbying to kill off Robin Hood
(Via Corporate Europe Observatory, March 29, 2012) Big banks and financial companies are doing their best to stop the introduction of a financial transaction tax (FTT) in the European Union. A proposal for an FTT is on the table, but still has to be approved by the Council. The industry has put all its lobbying machinery to work, implementing a scaremongering strategy, to convince member states to reject the tax. There is a real risk that their lobbying will pay off, either by defeating the entire idea of taxing transactions, or by watering down an already timid proposal
Considerable Progress at Cannes?
At the G20 meeting in Cannes, former Microsoft CEO Bill Gates lent his support to the proposal by France and Germany to introduce a financial transactions tax. According to Gates, a FTT could, even without the participation of USA and the UK, bring ca 9 billion dollars per year for innovative development. The outcome of the G20 for the FTT is assessed differently by the Robin Hood Tax Campaign and Attac France.
Financial transaction tax (FTT): An analysis of the EU Commission proposal
The irony of the Commission’s proposal is that the exclusion of the most valuable (namely spot) currency transactions from the FTT provides an opportunity to continue campaigning for a global currency transaction tax, writes Heikki Patomäki in this analysis. (2011-10-29)
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