Wed, Apr 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

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

Friday, September 09, 2011
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/

press release


PD

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Opalesque Roundtable: Emerging managers should avoid chasing 'institutional unicorns'[more]

    Bailey McCann, Opalesque New York: For managers looking to raise a new fund after the crisis, marketing efforts will need to be significantly different, according to delegates at the recent Opalesque Texas Roundtable. "Most of the smaller managers come to the whole fund-raising and marketing

  3. Cohen's private investments deliver strong 7.5% gain in Q1[more]

    From Reuters.com: Billionaire Steven A. Cohen's investments gained 7.5 percent in the first three months of 2015, according to a person familiar with the numbers, helping the former hedge fund manager extend his string of market-beating returns. Cohen's Point72 Asset Management, which invests

  4. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

  5. Opalesque Exclusive: Cyber security and hedge funds: increased awareness, Part One[more]

    Benedicte Gravrand, Opalesque Geneva: If you look at the recent cybersecurity news from Bloomberg, hackers are frightening the people: they steal photos and threaten to expose them, they can break into ATMs, they ha

 

banner