Analysis
$605trillion of derivatives speculation
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- Written by ITUC
It’s time the finance markets paid their way in global economy, says international union body
Political support grows for Financial Transactions Tax
IFI's Tax Policy in Developing Countries
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- Written by Eurodad
Tax policy has been at the heart of policy advice from the International Financial Institutions (IFIs) to developing countries for the last twenty years. Tax reforms became an increasingly important part of the structural adjustment programmes promoted by the World Bank and the IMF in developing countries from the late 1980’s.
Africa to Launch own fund to manage climate cash
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- Written by Reuters
Africa wants to manage itself the funds it will receive from the UN Green Climate Fund. This should be able to deliver around 100 billion $ a year as from 2020.
CIDSE's Analysis of the European FTT proposal
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- Written by CIDSE
Analysis of the European Commission proposal for
an EU-wide Financial Transaction Tax
The European Commission put forward an EU FTT
in its EU 2014-2020 budget proposal on 29 June 2011
A milestone in FTT advocacy
Over a decade of advocacy for a global Financial Transactions Tax (FTT) and widespread campaigning especially over the last two years seems to be finally bearing fruit. The European Commission finally proposed the implementation of an EU-wide Financial Transactions Tax (FTT), late in the evening of 29 June 2011. It proposed a FTT as one channel by which the EU could raise its ‘own resources’ to fund the EU budget. The second channel being proposed is a new EU Value Added Tax. Presently the European budget is essentially funded by its member states.
On why Accounting standards should look beyond investors
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- Written by Julian Boys
Civil society needs correct financial information if it wants to monitor transnational coorporations working in their country.
Viable solution or impossible dream?
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The case for and against a financial transaction tax
Brief report from a meeting in Brussels, June 14, organized by IDS, CIDSE, Oxfam and Concord.
This was a kind of high-level meeting, with lots of important people, even from the financial sector and from the European Commission. And this clearly is evidence of the importance the topic of global taxes is taking. As Jean Saldanha from CIDSE said in her introduction, if you mentioned a Financial Transaction Tax five years ago, you were simply laughed at, but today, it is not a joke anymore.
Zedillo's 'j'accuse'
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- Written by CGD
Ernesto Zedillo shakes up a panel discussion on international financial institutions and global public goods. 'I would say the balance in terms of concrete achievements [in development] is not only discouraging, but frightening'. An on the G20: 'it is a disaster. It is a joke. It is not a serious exercise'.
GROWTH WITH SOCIAL JUSTICE: TIME FOR A NEW ERA
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- Written by Juan Somavia
GENEVA, Jun (IPS) More than 200 million people are officially unemployed worldwide, including nearly 80 million young women and men eager to secure their first job. Both figures are at their highest points ever, but this is only the tip of the iceberg. The number of workers in vulnerable employment - 1.5 billion (around half of the world's labour force) - and persons working but surviving on less than US$2.00 per day - 1.2 billion - is on the rise again.
The future of social policy
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- Written by Ilcheong YI / UNRISD
It is interesting to note that throughout the global economic crisis there has not been a hot debate on the future direction of the welfare state in developed countries. In a sense the lack of debate is unsurprising since the epicentre of the crisis was the financial sector and the culprits could not so easily place the blame on the welfare state as has so often been done in previous economic crises. Those developed countries most affected by the crisis began to adopt temporary social assistance to address problems at the initial stage. However, fiscal austerity soon crept in to the policy framework used to respond to the crisis, and welfare states in many developed countries are now expected to be rolled back.
How much of Bill Gates' Phylanthropy is supported by Microsoft's Tax Planning?
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- Written by Richard Murphy
Bill Gates likes to be thought of as a great philanthropist. He’s referred to as such, so I guess he’s happy about it. And in some senses he is .
But remember he gets tax relief as a result.
Read more: How much of Bill Gates' Phylanthropy is supported by Microsoft's Tax Planning?
