Thursday, July 5, 2012

U.N. Calls for Tax on Ultrarich to Boost Development

Inter Press Service: What if billionaires the world over are asked to shell out at least one percent of their wealth as an international tax for development? The question arises in a new U.N. survey, which bemoans the fact that many donor nations continue to shy away from fulfilling their pledge to finance development goals by providing 0.7 percent of their Gross National Product (GNP). "It is time to look for other ways to find resources to finance development needs and address growing global challenges, such...

URL: http://www.ipsnews.net/2012/07/u-n-calls-for-tax-on-ultrarich-to-boost-development/

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