Dear Friend,
In response to the current crisis, governments around the world have stabilized their economies with taxpayers’ money http://europeansforfinancialreform.org/en/glossary#term72.
Now, the financial sector should pick up the bill! A global financial transaction tax of only 0.05% could yield revenue of about 1% of world GDP per year. Progressive
forces have been advocating the creation of a global financial transaction tax for decades. At the European summit of June 17, EU leaders have put the transaction tax back on G20 agenda. The next G20 summit will take place in
Toronto on June 26-27. Let’s remind them: we want a global financial transaction tax!
