Displaying items by tag: financial transaction tax - CIDSE
CIDSE Highlights No.16, March - April 2014
The meeting of European Union finance ministers confirmed, on May 6 2014, the establishment of a Financial Transaction Tax (FTT) for some EU countries by 2016. Catholic leaders from countries that are part of the Enhanced Cooperation Initiative express the moral imperative to implement a well-designed FTT, the proceeds of which are spent on eradicating poverty in Europe and in the South and to tackle climate change.
CIDSE reacts critically to the announcement of a launch of a FTT by 2016 by countries that are part of the Enhanced Cooperation on a Financial Transaction Tax. The announcement was made at the end of the ECOFIN meeting, 5-6 May.
Eleven countries in the EU are set to implement a Financial Transactions Tax (FTT) thanks to the green light given by EU Finance Ministers on 21 January 2013
CIDSE Highlights No.9, November-December 2012
CIDSE's Emilie Johann talks to RTCC about climate finance in at the Doha climate conference.
A crucial stumbling block here in Doha will be the issue of climate finance. With Fast Start Finance (FSF) due to draw to a close at the end of this year, the most vulnerable communities feeling the brunt of climate change are now rightly asking: what financing plans do developed countries have up their sleeves to address the urgent need for climate action?
As European leaders gather in Brussels to discuss the EU 2014-2020 budget, CIDSE calls upon the EU to dedicate FTT resources to honour development and climate commitments with FTT revenues.
Originally conceived to support the poorest, there is a real risk that FTT revenues will be used for future financial sector bail-outs.