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Newswire on the IFIs
- At sustainability congress, dam builder bars civil society from dialogue
- Austerity a moral issue as it inflicts millions
- With Inga dams, donors set to repeat past failures
- Bangladesh exposes flaws in World Bank's Doing Business Index
- Poverty should not be entrusted to economists
- A flawed 'Doing Business' report
Finance Canada
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Most Canadians would be surprised to learn that economists from the International Monetary Fund (IMF) annually visit Canada to dispense advice. We tend to think of the IMF as an institution that prescribes strong medicine, known as Structural Adjustment Programs (SAPs), only to less developed countries. In fact our governments regularly follow the same bitter prescriptions. |
In early February, Peter Gillespie of the Halifax Initiative testified before Canada's Parliamentary Finance Committee on the role of tax havens in facilitating massive financial losses to developing countries.
Le 17 février 2011,
L’Honorable James Flaherty
Ministre des Finances
Ministère des Finances Canada
140, O’Connor Street
Ottawa, ON K1A 0G5
Monsieur le Ministre,
Re : consultation 2010-2011 au sujet de la Loi sur la responsabilité en matière d’aide au développement officielle
ODA accountability consultation; World Bank dumps human rights; Bank report on extractives ignores reality.
Return of the financial transactions tax
Embassy Magazine, Feb. 16, 2011
By John Jacobs
In spite of Canada's attempt to bury it at the Toronto G20 meeting, a tax on financial transactions is back on the global agenda and gaining momentum.
French President Nicolas Sarkozy has pledged to use his term as chair of the G20 to reform the global financial system and curb the speculation that contributed to the economic crisis. At the top of his agenda is an international financial transactions tax (FTT) to fund the fight against poverty and climate change.
To sign on to this letter, send the name of the organization and country in which it is based by 5PM Washington DC time on November 3rd to Amy Gray: amy@campaignforeducation.org
International Civil Society Statement to the G-20 Leaders Summit in Seoul
We, the undersigned civil society organizations from 32 countries, urge G-20 leaders to make concrete progress towards the introduction of an internationally coordinated financial transactions tax (FTT) at the upcoming summit in Seoul.
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Final script May 22, 2010; release date June 18, 2010. |
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http://www.embassymag.ca/page/view/tax-06-09-2010
Financial transaction tax is no bank tax
By Fraser Reilly-King
Published June 9, 2010
Big banks can finally breathe a sigh of relief.
This past weekend, Canadian Finance Minister Jim Flaherty managed to rally China, Brazil and South Korea behind him at G20 meetings in Busan, South Korea, and put those pesky discussions about a global bank tax to rest.
Instead of discussing a bank tax at this month's summit, the G20 agreed to "develop principles reflecting the need to protect taxpayers, reduce risks from the financial system, protect the flow of credit in good times and bad, taking into account individual country's circumstances and options."
