INTERNATIONAL TRADE UNION CONFEDERATION ITUC OnLine 001/100112 Financial Stability Board Must Deliver on G20’s Action Plan As the first 2012 plenary of the Financial Stability Board (FSB) meets in Basel, international trade union organisations have submitted their priorities for the FSB. “The FSB’s Action plan for financial reforms has hit …
Tax Evasion: The Real Costs
A publication from Demos’ Taxes Matter Week Tax evasion will cost the U.S. government $305 billion in 2010 and has cost $3 trillion over the past decade. It is a major contributor to budget deficits and the accumulation of national debt since 2001. Tax evasion also costs state treasuries billions …
American Sustainable Business Council: March 2011 Newsletter
ASBC Newsletter: March 2011 Dear Friends, As businesspeople, we find the current situation in Wisconsin and around the country deeply troubling. The argument that budget deficits can or should be reduced by eliminating collective bargaining is misguided, unsustainable, and the wrong approach to solving deeper, more systemic economic issues. Nor …
‘Robin Hood’ Tax on Bankers Could Raise as Much as UK Aid Budget
New research published today by the Institute of Development Studies (IDS) finds that a worldwide financial transaction tax (FTT) on foreign exchange transactions could raise US$26 billion (£17.6 billion). In the UK alone it could raise US$11 billion (£7.7 billion), roughly the same as the entire UK aid budget. But …