Taxation

UK unions critique of government cuts

 
 
As the UK government proposes heavy spending cuts,unions and others are responding with critiques on the impact of these policies and advancing alternatives.   The largest public sector union, Unison, and the TUC have published an analysis of the government's budget proposals. This goes beyond the impact of tax and benefit changes, and shows how the cuts in services affect the poorest households most.  

Land tax as alternative to cuts in Latvia and other countries

A group of economists and others in Latvia have formed a 'Reform Task Force Latvia' to promote  alternative economic policies to the Latvian government's cuts public spending, including the pay of public employees. The task force has a website at www.rtfl.lv . It has held two conferences, and in May 2010 published a comprehensive report 'Latvia Renewed', at http://www.rtfl.lv/documents/Latvia_Renewed_2010.pdf

Global Unions from Asia Pacific Call for a Campaign to Launch ISL

(Aug 09) - PSI, BWI, and UNI:1. Will invite ITUC and other Global Union Federations in the region and globally to join the campaign;2. Will jointly develop promotional materials and background documents for the purpose of educating the membership, community, and the media;3. Will invite likeminded civil society organizations to join the campaign;4. Will lobby elected officials prepared to promote the ISL;5. Will encourage governments in the region to join the Leading Group on Innovative Financing for Development;

Innovative International Financing for Health Systems

The Taskforce will report to the G8 in July 2009. Prior to the United Nations General Assembly in September 2009, the Taskforce will conduct further consultations and facilitate the preparation of implementation plans for the recommended innovative financing mechanisms with relevant stakeholders. A regular forum will be facilitated by WHO and the World Bank to allow countries and partners, including civil society, to monitor progress.  Recommendations –
 

NGO letter to IMF re Financial Transaction Tax

Letter to IMF managing director from 60 NGOs - 11 November 2009 letter sent to IMF managing director Dominique Strauss-Kahn, urging him open up the process for producing a report on how banks can repay governments for the bailouts and demanding strong consideration of a financial transaction tax in the report.

TUAC: Financial Transaction Tax an idea whose time has come

 
In a new policy paper, TUAC argues in favour of a Financial Transaction Tax (FTT) in the context of enormous OECD country public resource gaps created by the financial crisis, on the one hand, and significant government commitments for financing development and climate change mitigation and adaptation measures on the other.
 

Civil society demands IMF consider financial transaction tax, open study process

Letter to IMF managing director from 60 NGOs - 11 November 2009 letter sent to IMF managing director Dominique Strauss-Kahn, urging him open up the process for producing a report on how banks can repay governments for the bailouts and demanding strong consideration of a financial transaction tax in the report.
http://ifiwatchnet.org/?q=en/node/32905
 

PSI-APRO campaign on International Solidarity Levy

Public Services International Asia Pacific Regional Organisation, together with the Building and Wood Workers’ International (BWI) and Union Network International (UNI), launched a campaign on the International Solidarity Levy. The campaign launch was held in Jakarta, Indonesia, on 11-12 August. Forty-three participants from twelve countries represented affiliated unions of PSI, BWI and UNI, and ITUC AP, SASK and LO-Norway. The campaign was co-sponsored by FES Indonesia office.
 

Action Aid: Tax change could end hunger

21 September 2009 http://www.actionaid.org.uk/102073/news.html - Developing countries worldwide could raise an extra US$198 billion a year if they were able to boost their tax revenue to a minimum of 15 per cent of national income, the anti-poverty charity ActionAid has calculated. Anna Thomas, head of economic and social development at ActionAid, said: “The amount that could be raised on quite modest assumptions is much more than the $120 billion poor countries receive in aid. It would be enough to end hunger, get all children into school, stop AIDS and still have change left over.”

Tobin Tax campaigns and advocacy

A useful list of campaigns and advocacy for the Tobin Tax around the world can be found at http://www.ceedweb.org/iirp/camnet.htm

French minister, UK regulator back Tobin tax

The French foreign minister and the UK finance regulator have both recently supported the idea of a Tobin tax, i.e. a tax on financial transactions. The objectives would be both to collect money to finance international aid, and also to curb and monitor international financial transactions.
European Union leaders could not agree to put it on the agenda of this week's G20 summit on reforming the financial system in Pittsburgh, but the leaders of France, Germany and the European Commission endorsed the concept.

http://www.ft.com/cms/s/0/ef5e05be-a2f7-11de-ba74-00144feabdc0.html

Pakistan needs to collect more taxes

Pakistan IMF loan at risk, says economist. By Farhan Bokhari in Islamabad Published: September 3 2009 http://www.ft.com/cms/s/0/422edab4-98a5-11de-aa1b-00144feabdc0,dwp_uuid=...

Pakistan is in danger of disrupting a critical $11.3bn International Monetary Fund loan if it fails to reform its tax collection system, a senior western economist has warned.

The IMF loan, secured first for $7.6bn late last year and subsequently raised to $11.3bn, helped to ward off a likely default on foreign debt payments.

Syndicate content