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G20: Case for the Financial Transfer Tax deepens

Okay, tax is not the sexiest subject ever. But I learned some pretty worrisome stuff at the OECD (Organization for Economic Co-operation and Development) press conference at the G20 media centre.

With 31 member countries, the OECD is the main group charged by the G20 with working towards "a fairer world where there will be no more safe havens for tax evaders." And they report that the political push to their cause that came from Pittsburgh last fall, has amped up the drive toward transparency.

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taxation bank tax G20 financial transaction tax

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Columnists

Paul Martin's G20 wish list

Guess who gave his blessings to the Financial Transaction Tax (that would take a bitsy percentage of trading bets and make billions to address global problems) and firmly supports pricing carbon? The answer is Canada's most internationally acclaimed budget balancer, Paul Martin.

I got a chance to ask Martin some one-on-one questions at a Munk Centre event on global governance yesterday and was amazed to hear him sign on to two of NOW's key G20 wish list items for world leaders (see my story here).

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Toronto paul martin G20 financial transaction tax
Canadians for Tax Fairness
Tell Harper to support the Financial Transaction Tax at the G20
October 28, 2011 |
Tell Prime Minister Harper to take a stand that will be admired worldwide. Tell him to put the people before the speculators. Tell him to vote for Robin Hood.
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CTF tobin tax financial transaction tax Robin Hood Tax taxation Harper
National Union of Public and General Employees
European Commission proposes implementing Robin Hood Tax
July 4, 2011 |
Financial Transaction Tax (FTT) campaigners welcome support but emphasize that the revenues should be used to tackle poverty and climate change.
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NUPGE tobin tax financial transaction tax Robin Hood Tax

The silver bullet and the death of global poverty

By Kelly Crichton
| January 11, 2010

As I child, I loved TV’s “The Lone Ranger”, that great champion of justice whose Hi-yo silver bullets rescued the good guys every week.  I was immune to the inherent racism embodied in Tonto, “his faithful Indian companion” because Tonto was played by Jay Silverheels (aka Harold K. Smith) from Six Nations Reserve near my mother’s hometown in Brantford Ontario. My Uncle Hughie had played professional lacrosse with him and that gave me great playground creds.

Now, a new Silver Bullet’s arrived on the scene that could slay global poverty.  It’s actually been in the wings for a while, but thanks to the greed of the international financial community, it’s an idea whose time has come.

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