Yet another international gathering has backed the call for a Financial Transactions Tax, and again, developing countries are a key element of those making the demand. The EU-ACP Joint Parliamentary Assembly met in Budapest from 16-18 May and adopted a declaration including the following statement:
“Recalls the need, in order to achieve the MDGs, to use innovative financing methods, such as the levying of a tax on financial transactions”
The Assembly brings together MPs from 78 African, Caribbean and Pacific (hence, ACP) developing countries with 78 MEPs in plenary session for one week twice a year. Hat tip to David Martin MEP for the news.