Financial transaction tax via enhanced cooperation
10 European countries say yes
Recently 10 of the 17 governments of the Euro-zone reached agreement to introduce a financial transactions tax (FTT). However, the agreement was received with mixed feelings. Members of European and global civil society organizations deemed it as a needed step in the right direction, but insufficient, as they fear that the incomes would be used to redress the fiscal imbalances, not to deal with global poverty and climate change, John F. Dole reports.
On the other hand there are “experts” forecasting flights of capital to countries rejecting to impose the FTT, notably the United Kingdom. In the meantime, 58 relevant groups called on the president of the World Bank Jim Yong Kim to advocate for the tax at the global level ...
At first glance, everyday life seems not to have changed in Istanbul. The streets are congested; people hurry to the ferry or the bus. For weeks, there has been no terror attack. Nevertheless, there are some visible changes. There are much more policemen in the streets. In some days, the Istiklal Caddesi, the main shopping street on the European side, seems to be under a state of siege. At every street corner, there is police van with the blue light switched on.
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