UN global tax?

Written by David Fletcher 16 Sep 2016
UN global tax?

A UN tax on all foreign exchange transactions is being considered, with a move towards new models of funding, ‘believing that in our interconnected world there is a need to find new ways to fund solidarity that goes beyond national borders’. The UN have considered the political feasibility, costs and benefits of a ‘Financial Transaction Tax’ (FTT) or Tobin Tax, to raise between US$25 and 34 billion annually in Europe. However, many believe that the tax is a danger to national sovereignty and to the necessary transparency of the UN; so they are calling upon policy-makers at all levels to reject the Global UN Tax. A global tax has long been on the UN radar; they proposed it in the annual Human Development Report as early as 2011. A global tax on financial transactions would bring trillions of dollars into the UN and countries would have no say on how it is spent.

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  • Pray: for the UN to receive voluntary contributions from governments; pray for unrestricted transparency in all UN global financial transactions. (Pr.19:17)