CTT Campaigns

(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

• Posted by ctt-team
• Published: 2012-04-04

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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.

• Posted by ctt-team
• Published: 2011-11-05

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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)

• Posted by ctt-team
• Published: 2011-10-29

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The G20 finance ministers and central bankers have put off an immediate decision to weigh up a global financial transaction tax (FTT) proposal at the forthcoming G20 Summit (Cannes, 3-4 November 2011). - By Kavaljit Singh

• Posted by ctt-team
• Published: 2011-10-19

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G20 leaders meeting in Seoul next week have been asked to listen to their people rather than the banks, and tax financial transactions fairly. A letter to the G20 leaders has been signed by 144 organisations representing 16 of the G20 countries, making it the largest coalition ever seen in favour of an international Financial Transaction Tax (FTT).

• Posted by ctt-team
• Published: 2010-11-02

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(25 Oct 2010) Peter Wahl (WEED) has published an excellent overview of current EU financial policy called "Fighting Fire with Buckets. A Guide to European Regulation of Financial Markets". The 40-page analysis of the EU's current attempts to reform the financial sector also has a chapter on Financial Transactions Tax. Below, we quote the section concerning the discussion on the FTT (pp 30-31).

• Posted by ctt-team
• Published: 2010-10-26

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Civil society organizations urge G-20 leaders to make concrete progress towards the introduction of an internationally coordinated financial transactions tax (FTT) at the upcoming summit in Seoul.

• Posted by ctt-team
• Published: 2010-10-23

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(September 2010) The experts of the Leading group on innovative financing for development, a body of 60 countries, are proposing a "Global Solidarity Levy". The levy would be a currency transactions tax and the revenue would be collected to a global solidarity fund. The solidarity fund would be established, optionally, in accordance with proposals made by Heikki Patomäki and Bruno Jetin.

• Posted by ctt-team
• Published: 2010-09-07

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10 August 2010: The ITUC is calling on governments to commit to introducing a financial transactions tax (FTT) at September's United Nations Development Summit to help tackle global poverty and accelerate action on jobs and climate change.

• Posted by ctt-team
• Published: 2010-08-12

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One after another, they are accepting the CTT. Perhaps even the politicians of the USA will one day embrace Tobin's Tax? But what to do with all the revenue it would generate?

• Posted by ctt-team
• Published: 2010-02-08

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U.S. activists are eager to brainstorm with civil society groups in other countries who are working in support of financial transactions taxes that would be used to raise substantial new money to address global and domestic development priorities and to curb the harmful behaviors of the financial industry.

• Posted by ctt-team
• Published: 2010-01-05

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IMF director Dominique Strauss-Kahn now says, that the IMF will look into the issue of a Financial Transaction Tax (FTT).

• Posted by ctt-team
• Published: 2009-12-01

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A request for civil society participation in IMF study on how the financial sector can help pay for the bailouts, signed by numerous organisations.

• Posted by ctt-team
• Published: 2009-11-12

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Saturday, November 7 / via David Hillman (ENOFAD) -- Speaking at the meeting of the finance ministers of the G20 countries, Prime Minister Gordon Brown today stated that "we need a better economic and social contract to reflect the global responsibilities of financial institutions to society". Among the proposals towards such a contract he mentioned "global financial transactions levy". Extracts from Gordon Brown's speech follow:

• Posted by ctt-team
• Published: 2009-11-07

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"I think it would be right if Germany would advocate vigorously a levy on international financial transactions", president Horst Köhler said in his address to the new German government on 28 October, 2009.

• Posted by ctt-team
• Published: 2009-10-29

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