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Small global taxes would make a big difference for world?s ?bottom billion?

By Alliance Alert

Bernard Kouchner, foreign minister of France; Katsuya Okada, foreign minister of Japan; Charles Michel, development cooperation minister of Belgium writing at The Christian Science Monitor: "We are determined to find an effective way to finance development that would be alongside ? and not in place of ? public aid. In a world marked by substantial gaps in development and standards of living, we must promote innovative approaches and instruments . . . We approached the top specialists ? legal scholars, economists, researchers, and even bankers ? to analyze the different options. They proposed several different mechanisms for levies on financial transactions, including on foreign exchange movements (currency transaction development tax)."

Full post as published by Constitutionally Correct on August 31, 2010 (boomark / email).