From iOTWUN calls for 'billionaires tax' to help world's poor
The United Nations on Thursday called for a tax on billionaires to help raise more than $400 billion a year for poor countries.
An annual lump sum payment by the super-rich is one of a host of measures including a tax on carbon dioxide emissions, currency exchanges or financial transactions proposed in a UN report that accuses wealthy nations of breaking promises to step up aid for the less fortunate.
The annual World Economic and Social Survey says it is critical to find new ways to help the world’s poor as pledged cash fails to flow.
The idea could appeal to the likes of Warren Buffett, the US tycoon who has complained that he pays a lower tax rate than his secretary. France’s new Socialist government has caused consternation by vowing a 75 percent tax on salaries above one million euros ($1.24 million).
– a tax of $25 per tonne on carbon dioxide emissions would raise about $250 billion. It could be collected by national governments, but allocated to international cooperation.
– a tax of 0.005 percent on all currency transactions in the dollar, yen, euro and pound sterling could raise $40 billion a year.
– taking a portion of a proposed European Union tax on financial transactions for international cooperation. The tax is expected to raise more than $70 billion a year.
Read more at http://ca.news.yahoo.com/un-calls-billi ... 40656.html