UN experts call for global financial tax to offset costs of economic crisis – 14 May 2012
Experts of the United Nations called the European Union to take the lead in promoting the adoptation of a global financial tax to offset the costs of the current economic crisis. As they see it, the actions taken so far to overcome the crisis, including varying austerity programmes, risk causing significant human rights regressions. A financial transaction tax is an alternative which does not entail these same risks. They called attention to the fact that a similar tax exists in South Korea and suggest that such a tax may shift the burden from the citizens to the private sector. According to them “EU...