The Financial Transactions Tax (FTT)
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HI Resource Types:
Multilateral Organizations:
Thematic Issue:
Development Finance:
Innovative Mechanisms for financing development
The Financial Transactions Tax (FTT)
Part 1
HI Resource Types:
Development Finance:
Monthly Issue Update - February 28, 2011
ODA accountability consultation; World Bank dumps human rights; Bank report on extractives ignores reality.
Return of the financial transactions tax - Op-ed
Return of the financial transactions tax
Embassy Magazine, Feb. 16, 2011
By John Jacobs
In spite of Canada's attempt to bury it at the Toronto G20 meeting, a tax on financial transactions is back on the global agenda and gaining momentum.
French President Nicolas Sarkozy has pledged to use his term as chair of the G20 to reform the global financial system and curb the speculation that contributed to the economic crisis. At the top of his agenda is an international financial transactions tax (FTT) to fund the fight against poverty and climate change.
Monthly Issue Update - January 31, 2011
Ruggie guidelines stir debate
In 2008, the UN Human Rights Council extended Special Representative John Ruggie’s mandate on business and human rights. Among other things, the Council asked Mr. Ruggie to identify “concrete and practical recommendations on ways to strengthen the fulfilment of the duty of the State to protect all human rights from abuses by or involving transnational corporations.”
Monthly Issue Update - October 31, 2010
Victims of Kilwa Massacre Seek Justice in Canada
Congolese nationals have launched a class action law suit in a Montreal court against Canadian mining company, Anvil Mining. At least 73 civilians were killed in 2004 when the Congolese Armed Forces attacked residents in the town of Kilwa. A UN investigation revealed that planes, vehicles, personnel and food controlled by Anvil Mining were used by the army during the attack (see IU Oct. 31, 2008).
Civil Society Statement: G20: Take Action on FTT
To sign on to this letter, send the name of the organization and country in which it is based by 5PM Washington DC time on November 3rd to Amy Gray: amy@campaignforeducation.org
International Civil Society Statement to the G-20 Leaders Summit in Seoul
We, the undersigned civil society organizations from 32 countries, 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.
Monthly Issue Update - May 31/June 30, 2010
G8-G20 summits fall flat, ignore call for sustainable future
This month “Fortress Toronto”, with its 18,000 strong security forces and four kilometer chain link fence, bore witness to a Peoples’ Summit ripe with ideas and alternatives, petitions signed by 1.75 million asking leaders to invest in the future now, a 25,000 strong peaceful protest, media stunts galore, some regrettable violence, and two deeply disappointing summits.
Bridge to South Korea: Global civil society meeting on the G20
Bridge to South KoreaHeld in Toronto, on Monday and Tuesday, June 21-22, 2010, just ahead of the G8 Summit in Huntsville and the G20 Summit in Toronto, this meeting was intended as a strategy session for civil society organizations, platforms and networks from many G20 countries (and beyond) to discuss diverse perspectives on both the G20 as an institution and priorities with respect to its agenda. As the outcome of an initial G20 strategy meeting in Washington DC in April of 2010 among various groups, the intention of this broader meeting of national, regional and international networks was three-fold:
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MEETING DETAILS
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Bridge to South KoreaHeld in Toronto, on Monday and Tuesday, June 21-22, 2010, just ahead of the G8 Summit in Huntsville and the G20 Summit in Toronto, this meeting was intended as a strategy session for civil society organizations, platforms and networks from many G20 countries (and beyond) to discuss diverse perspectives on both the G20 as an institution and priorities with respect to its agenda. As the outcome of an initial G20 strategy meeting in Washington DC in April of 2010 among various groups, the intention of this broader meeting of national, regional and international networks was three-fold:
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MEETING DETAILS
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Press Responses: June 9, 2010
http://www.embassymag.ca/page/view/tax-06-09-2010
Financial transaction tax is no bank tax
By Fraser Reilly-King
Published June 9, 2010
Big banks can finally breathe a sigh of relief.
This past weekend, Canadian Finance Minister Jim Flaherty managed to rally China, Brazil and South Korea behind him at G20 meetings in Busan, South Korea, and put those pesky discussions about a global bank tax to rest.
Instead of discussing a bank tax at this month's summit, the G20 agreed to "develop principles reflecting the need to protect taxpayers, reduce risks from the financial system, protect the flow of credit in good times and bad, taking into account individual country's circumstances and options."
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