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Kofi Annan is the latest international figure to publicly back a Financial Transaction Tax. Writing as 20,000 stakeholders and negotiators from more than 200 countries meet in South Africa for the COP17 Climate Summit, the former UN Secretary General has called for a Robin Hood Tax on financial transactions to help developed countries meet their climate finance commitments.
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The Pope has come out as the latest supporter of a Financial Transaction Tax after a note released yesterday by the Vatican called for a reform of the international financial system.
The note, released by the Pontifical Council for Justice and Peace, recommended the implementation of a tax on financial transactions “with costs proportioned to the complexity of operations, especially of those carried out on the ‘secondary’ market....
Archbishop Desmond Tutu is the latest global figure to come out in support of the Robin Hood Tax campaign.
Writing in Saturday’s Guardian, he urged G20 leaders to get behind Sarkozy and ‘introduce a tax on financial transactions to help low-income countries hit by the economic crisis and to protect poor people from climate change’.
He said that a failure to reach global agreement should not be an excuse for leaders not to...
Thousands of nurses from across the USA took action in 21 states yesterday to demand a Financial Transaction Tax on Wall Street.
They demonstrated at congressional offices across the country, asking them to take action on the economic crisis and “support a Wall Street transaction tax that will raise sufficient revenue to make Wall Street pay for the devastation it has caused on Main Street.”
Other events included soup kitchens,...