Taxing Financial Transactions for a fairer world
The introduction of a Financial Transactions Tax (FTT) in France to mobilize funds for development activities will be discussed at a conference to be held at UNESCO Headquarters on Wednesday 14 September (9a.m to 1 p.m., Room IV).
The discussions will be based on a study undertaken by UNITAID, an international facility for the purchase of drugs against HIV and AIDS, Malaria and Tuberculosis financed largely by a solidarity levy on airline tickets. The success of the airline ticket surcharge has fuelled an emerging political consensus in favour of an FTT in a growing number of countries including France.
An FTT also has the strong backing of the United Nations, which seeks to ensure that the present political momentum can be translated into concrete results already during 2011, especially in view of the G20 summit to be held in France next November.
The 14 September conference “Taxing financial transactions for a fairer world: here and now” will bring together, among others, Irina Bokova, Director-General of UNESCO; Philippe Douste-Blazy, United Nations Under Secretary-General for Innovative Financing for Development, Chairman, Executive Board of UNITAID and Millennium Foundation and former Foreign and Health Minister of France; Nathalie Kosciusko-Morizet, Minister for Ecology, Sustainable Development and Henri de Raincourt, Minister for Cooperation.
The event is co-organized by UNITAID, UNESCO, The Life Organization, Stamp out Poverty, Oxfam France, Coalition Plus and Aides.
Journalists wishing to assist require accreditation.
Djibril Kebe, Tel: +33 (0)1 4568 1741; d.kebe(at)unesco.org