As EU negotiators struggle to reach the finish line on a financial transaction tax agreement, 52 industry professionals issue a joint statement in support.
Advocates will continue to push for the tax on Wall Street that could raise billions in revenue over 10 years.
Working families are turning their anger at Wall Street into action.
Americans are used to paying sales taxes on basic goods and services, but when a Wall Street trader buys millions of dollars’ worth of stocks or derivatives, there’s no tax at all.
The goofy stunts weren’t the only game-changers.
A 0.25% tax on financial transactions could raise $150 billion a year in the United States alone.
The struggle to tax Wall Street moved forward in Cannes.
Major U.S. environment, development and faith groups call on President Obama not to block European countries’ progress toward a financial speculation tax at the G-20 Summit.
The 99 percent and the 0.001 percent agree on something, but the Obama administration is holding out.
The nation’s nurses are calling for a tax on financial transactions to begin raising the revenue needed to fix the nation’s growing social crisis.
Governments around the world are struggling to deal with the crushing problems of joblessness, poverty, and climate change. A financial speculation tax is the best option on the table to raise the massive revenues needed to address these urgent needs.
A financial speculation tax might not have stopped those greed-crazed fools, but at least Uncle Sam would’ve taken in about $1.1 billion on the deals.
Around the world, entities ranging from governments to non-governmental organizations (NGOs) to the private sector have been giving more serious consideration than ever before to alternative financing mechanisms for development, climate change, education and other needs. IPS Global Economy project Director Sarah Anderson will speak on financial transactions taxes at this forum on innovative financing.
This downloadable pdf fact sheet answers frequently asked questions about the implications for the developing world of taxing financial speculation.
It’s time to reform our tax system — to quit rewarding obscene wealth, Wall Street gambling, and corporate polluters.