Latest: Politics
The French bank Crédit Coopératif has broken ranks and agreed to pay a levy on its currency transactions even before the tax is introduced in France. In a boost to the campaign to get countries to sign up to financial transaction taxes through the Eurozone or the G20, the bank will pay 0.01% on currency transactions after 1 March 2011 – the details are set out in English...
Economists are notorious for not being able to agree on anything. But today, a thousand economists from 53 countries have written to G20 finance ministers and Bill Gates calling on them to introduce financial transaction taxes to tackle global poverty and climate change and help people hit by the economic crisis.
The letter, which has appeared in ...
Yesterday a little bit of Sherwood to came to Brussels with the European Parliament voting in support of a €200bn (£172bn) a year Robin Hood Tax (Financial transactions tax). MEPs want to Europe to press ahead unilaterally to introduce the tax to raise money to protect public services, help the poorest people at home and abroad and tackle climate change.
This bold move has set a global standard for pressing ahead with action on the banks....
You’ll hopefully have noticed that the campaign for financial transaction taxes (FTT) has stepped up a gear. Those in the know regard 2011 as something of a critical year. The FTT Global Day of Action which took place on February 17th marked the start of a number of campaigning actions and activities that will take place...
