It is estimated that the use of tax havens is costing federal and provincial governments at least $7.8 billion in lost tax revenue. Low and middle income Canadians are the ones paying for that missing $7.8 billion in tax revenue.
V20 coalition launched in Lima proposes ways to raise funds for climate adaptation projects.
New study finds that a European Financial Transactions Tax (commonly called a Robin Hood Tax) could generate between 18 and 45 billion euros a year in Germany alone.
Eleven EU countries received overwhelming support to pursue introduction of Financial Transactions Tax. The countries involved account for 90 per cent of the Eurozone's Gross Domestic Product.
Modern day Robin Hoods disrupt traffic in financial district chanting "Tax Wall Street and End AIDS".
New York (27 April 2012) - A number of activists with AIDS Coalition to Unleash Power (ACT UP) and Occupy Wall Street, dressed in Robin Hood costumes, were arrested in New York following a protest in the financial district.
The federal budget will increase income inequality, decrease the quality of life for Canadians and slow economic recovery.
With Italy, France and Germany already in support, the UK is now the only centre-right Government amongst Europe's five biggest economies not to back the tax.
"Such a taxation would be very useful to promote global and sustainable development according to principles of social justice and solidarity".
"Let's send them a clear message: We want you to slow down some of that $1.3 trillion easy money that's sloshing around the global casino each day - enough cash to fund every social program and environmental initiative in the world."
“It is time for the financial sector to make a contribution back to society,” - European Commission President José Manuel Barroso.