Sixty countries will propose a tax on international financial transactions that could generate 40 billion euros ($ 50 billion) per year is spent for development.
“Taxes are what we propose is five cents of every 1000 euros, this is not much, but enough to start this movement,” said French Foreign Minister, Bernard Kouchner, quoted by the AFP on Thursday (02/09/2010).
He added, this value is equivalent to 30 billion euros to 40 billion euros per year. This is to say when he hosted a meeting of officials from 12 countries gathered in Paris to review the expert advice on the initiative on behalf of the 60 countries involved.
The 60 countries are planning to propose new taxes to the United Nations (UN) on September 21 when meeting the UN Millennium Development Goals summit in New York.
“We believe there is a possibility to express their political will to start this tax,” said Minister of Cooperation of Belgium, which currently holds the post of President of the European Union, Charles Michel.
Meanwhile, Spanish Junior Minister for Cooperation, Soraya Rodriguez Ramos said that if no consensus is strong enough to tax financial transactions in international currencies.
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