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Tax financial transactions to help Covid recovery, G20 told
Economists say Tobin taxes would raise vital funds to help support global poor and tackle climate crisis
The world’s leading developed and developing countries have been told a tax on financial transactions could help them raise around $100bn a year to meet the costs of the Covid-19 pandemic, tackle climate change and boost job creation.
Ahead of a meeting of G20 finance ministers in Venice on Friday, a letter from more than 100 economists said the immediate introduction of a financial transactions tax (FTT) would make economies more resilient and generate much-needed public investment.
Read the original article at The Guardian