UN PLAN TO TAX INTERNATIONAL CURRENCY TRADE FLOATED AGAIN

NEW YORK, Jan 31, 2001 (LSN.ca) – In a list of proposals issued yesterday by the United Nations to help poor nations deal with globalization , a suggestion to tax international currency transactions was made. The Washington Times revealed the suggestion found in paragraph 113 of the 64-page report. A 0.1 percent tax on $1.5 trillion worth of “speculative” currency transactions could yield $150 billion a year that could be used to stabilize volatile markets, said the report, compiled in collaboration with the World Bank, the International Monetary Fund, the World Trade Organization and others. But when the Times called […]
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