Industry Updates

Is a Financial Transactions Tax unavoidable? LIFE conference at UNESCO Paris, Sept. 14

Friday, September 09, 2011

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Opalesque Industry Update - The LIFE Organization is partnering with UNITAID, UNESCO and a group of European NGOs (Oxfam France, CARE France, AIDES, Coordination SUD, Coalition Plus, Stamp Out Poverty & UBUNTU) for a conference supporting a Financial Transactions Tax (FTT) to be held Wednesday, September 14, 2011 at UNESCO headquarters in Paris.

"The disclosure on the occasion of a report commissioned by UNITAID demonstrating the technical and economic feasibility of an FTT implemented in the short term in France is a strong signal to policy makers. Understanding the benefits of globalization does not exempt to point out its imperfections. Acting now is a response to a real and legitimate need for global solidarity mechanisms," said Jean-Manuel Rozan, Chair of The Life Organization.

The LIFE Organization welcomes the broad consensus in favor of a tax on financial transactions among citizens, civil society, and now some Heads of State and Government.

"The same way that major European political leaders have embraced the idea of a micro-levy on financial transactions, it is now time for the business and financial communities to act responsibly and take part in its definition and its use for global solidarity. I call on the business and financial communities, banks and funds to join us and take part in this debate. Only they are missing," said Jean-Manuel Rozan.

The LIFE Organization aims to gather the financial and international business communities around a modern and responsible vision of international development.

For more details: www.the-life.org/en/2011/09/02/conferenceftt/

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