From the TUC

Developing countries join European Parliament to back Robin Hood Tax

22 May 2011, by in International

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.

One Response to Developing countries join European Parliament to back Robin Hood Tax

  1. Bill Kruse
    May 22nd 2011, 3:33 pm

    It would be innovative if they started to make public the fact that banks make up money when they pretend to lend it and accounting itself was revamped to accurately reflect that.

    BB

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