Europeans Push Global Tax to Fund Poverty-Reduction, Climate Change Causes
A group of 60 nations will meet next week at the United Nations to push for a tax on foreign currency transactions as a way to generate revenue to meet global poverty-reduction goals, including “climate change” mitigation.
Spearheaded by European Union countries, the so-called “innovative financing” proposal envisages a tax of 0.005 percent (five cents per $1,000), which experts estimate could produce more than $30 billion a year worldwide for priority causes.
World leaders are scheduled to hold a Sept. 21-23 summit at U.N. headquarters to review progress on the Millennium Development Goals (MDGs), eight specific targets to cut poverty and disease by 2015, in line with a pledge taken by U.N. member states in 2000.
Link:
http://www.cnsnews.com/news/article/75424
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