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Keyword: tobintax

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  • London warned of big threat to jobs if UK quits EU

    08/03/2014 11:11:38 PM PDT · by Berlin_Freeper · 8 replies
    The Financial Times ^ | August 3, 2014 | Jim Pickard
    London could lose more than a million jobs if Britain quits the EU and fails to adopt more outward-looking trade policies, according to a report commissioned by Boris Johnson, the London mayor. In those circumstances, the capital could shed 1.2m jobs and lose out on tens of billions of pounds of gross domestic product, the report says.
  • Confirmed: NO GLOBAL WARMING in 17 Years and 9 Months

    05/20/2014 7:32:53 PM PDT · by QT3.14 · 23 replies
    Gateway Pundit ^ | May 19, 2014 | Jim Hoft
    [Snip]...Not only is the North Polar cap not melted away – global warming is not happening either. There has been no global warming in 17 years and 9 months.
  • EU top court throws out UK challenge to transactions tax

    04/30/2014 10:55:45 PM PDT · by Olog-hai · 3 replies
    EU Observer ^ | 30.04.14 @ 15:21 | Benjamin Fox
    The European Court of Justice on Wednesday (30 April) rejected a UK legal challenge to plans by eleven countries to set up a financial transactions tax (FTT). The main thrust of London’s opposition to the tax relates to the so-called “residence” and “issuance” principle in the proposed bill, which means that some traders operating outside the FTT-11 would still be liable to pay the levy. The UK, which has the largest financial services sector in the EU, says that it would be hit by the tax as a result. But since the proposal has not been agreed, the UK case...
  • Anti-Science: Those Who Wish to Debate Climate Threatened with Death or Jail

    03/23/2014 7:37:53 PM PDT · by Ernest_at_the_Beach · 46 replies
    zerohedge ^ | 03/23/2014 - 19:19 | Posted by : George Washington ( User Nmare?)
    Preface:  The scientific method requires allowing a free-for-all of hypotheses, which then rise or fall based upon the results of actual experiments.  In other words, science means that you throw out theories - no matter how good they look on paper - that are disproven by experimental results, and adopt those confirmed by the results. [Economics is supposed to do that, too ... but hasn't.]For example, putting Galileo to death because he didn’t agree with the “accepted” consensus that the Sun revolved around the Earth was not a great example of the scientific method. Instead of conducting experiments to see...
  • IMF's World Tax Is a Puzzling Ploy

    01/07/2014 9:35:16 AM PST · by Renfield · 7 replies
    The Daily Bell ^ | 1-3-2014
    IMF paper warns of 'savings tax' and mass write-offs as West's debt hits 200-year high ... Debt burdens in developed nations have become extreme by any historical measure and will require a wave of haircuts, warns IMF paper. The paper said policy elites in the West are still clinging to the illusion that rich countries can chip away at their debts with a blend of austerity cuts and growth. – UK Telegraph Dominant Social Theme: The West is out of control and only taxes can save it. Free-Market Analysis: The UK Telegraph has discovered that the IMF wants to inflict...
  • French bid to boost aid by taxing finance stirs hornets nest

    10/17/2013 6:46:24 AM PDT · by Olog-hai · 1 replies
    EurActiv ^ | 17 October 2013 | Aline Robert
    The French National Assembly’s finance committee has green-lighted an amendment to the country’s draft 2014 budget law, significantly increasing the amount of aid funds that can be generated from the upcoming financial transactions tax (FTT), EurActiv.fr reports. An unexpected proposal for taxing financial transactions—amendment 23—was adopted on Tuesday (15 October) by the French Parliament’s finance committee during its examination of the country’s draft budget law for next year. … But the proposal is viewed less positively by the French Finance Ministry, which wants to protect the interests of French banks. Financial market operators, such as NYSE Euronext and Paris Europlace,...
  • EU institutions at war on ‘illegal’ finance tax

    09/12/2013 5:46:28 AM PDT · by Olog-hai
    EU Observer ^ | 10.09.13 @ 16:49 (Sep. 10) | Valentina Pop
    A financial transactions tax (FTT) for 11 EU countries would be illegal as it affects the tax sovereignty of others, according to an opinion by the legal service of the EU Council in Brussels. The European Commission says the tax is in line with EU law, however. In the leaked document, seen by Reuters and Financial Times, the lawyers serving EU member states say the proposed financial transactions tax “exceeds member states’ jurisdiction for taxation under the norms of international customary law as they are understood by the Union.” The 14-page legal opinion concludes that the proposal is “not compatible”...
  • Reports of Tobin Tax death exaggerated, EU says

    06/01/2013 4:27:57 AM PDT · by Olog-hai · 1 replies
    EU Observer ^ | 31.05.13 @ 17:25 | Andrew Rettman
    EU tax commissioner Algirdas Semeta has cast doubt on reports that his Financial Transactions Tax (FTT), also known as the Tobin Tax, is being unraveled by member states. The Reuters news agency and the Wall Street Journal this week cited “senior EU officials” as saying some of the 11 countries set to take part are having second thoughts. Semeta’s original proposal envisaged a 0.1 percent tax on share and bond trades and a 0.01 percent levy on derivatives trading from 1 January, designed to take €35 billion ($45 billion) out of the pockets of banks and traders into national treasuries....
  • Tobin Tax is madness for Europe, and economic war against Britain

    04/26/2013 9:30:27 AM PDT · by Olog-hai · 8 replies
    Daily Telegraph (UK) ^ | 7:40PM BST 10 Apr 2013 | Ambrose Evans-Pritchard
    France’s experiment with the Tobin Tax has proved a spectacular flop. Its finance ministry admits that the scattershot levy on financial transactions has raised just a third of the money expected since August. Total takings will be a paltry €800 million ($1.04 billion) in 2013, but that overlooks the much greater damage inflicted on French finance, industry and the government’s own tax base. “France is shooting itself in the foot,” said Paul-Henri de La Porte du Theil, head of French finance industry AFG. … The House of Lords EU Committee says the Tobin Tax will have “far-reaching adverse consequences” for...
  • Wealth tax to pay for EU bail-outs

    04/23/2013 6:12:18 PM PDT · by Lorianne · 15 replies
    Telegraph UK ^ | 14 April 2013 | Ambrose Evans-Pritchard
    Around 400,000 Britons live or own homes in the south of Spain, which is suffering a deep recession that is hampering Madrid’s attempts to balance the public finances and stave off a bail-out. Senior figures in Germany are now arguing that some richer home owners in countries like Spain, Portugal and Greece have so far avoided paying their fair share to rescue the euro, leaving Germany paying too much. Taxes on property or other assets would mark a significant change in Europe’s approach to funding bail-outs for eurozone members. Until now, the cost of rescue packages for countries like Ireland,...
  • Europe’s Tobin tax plan challenged by Italy, UK

    04/23/2013 3:35:16 PM PDT · by Olog-hai · 1 replies
    EurActiv ^ | 23 April 2013 | Jeremy Fleming
    The proposal to introduce a tax on financial transactions (FTT)—or Tobin tax—across a number of EU countries by January 2014 is under pressure as Italy wants fundamental changes to the plan and the UK has launched a legal challenge in the European Court of Justice. A statement on Saturday (20 April) from Italy’s permanent representative in Brussels, Ferdinando Nelli Feroci, said: “Transactions in state bonds should be excluded from the taxed instruments in the proposed Tobin tax.” He described this as a red-line, non-negotiable issue for Italy. … The plan was requested through “enhanced cooperation” by 11 countries, including Italy,...
  • EU: Financial tax should be used for development aid and climate

    02/27/2013 12:40:19 PM PST · by Olog-hai
    EU Observer ^ | 02/27/2013 @ 18:46 | Nikolaj Nielsen
    The European Commission said revenue from a proposed financial transaction tax (FTT) should be set aside to fight poverty and climate change, as an investment against global instability. “I would very much want member countries really to take it seriously,” European commissioner for development Andris Piebalgs told reporters in Brussels on Wednesday (27 February). The FTT is backed by 11 member states and would put 0.1 percent levy on bonds and shares and 0.01 percent on derivative products. Estimated generated annual revenues could range between €30 billion to €35 billion ($39 billion–$46 billion) a year. …
  • Britain “sleepwalking to EU exit”, warns Labour

    11/19/2012 3:05:17 PM PST · by Olog-hai · 8 replies
    EurActiv ^ | 19 November 2012 | (EurActiv.com with Reuters)
    Opposition Labour leader Ed Miliband vowed on Monday (19 November) he would not let Britain sleepwalk towards exit from the European Union as Prime Minister David Cameron prepared for tough talks in Brussels this week on a renewal of the bloc’s budget. Speaking to a conference of business leaders, the pro-EU Miliband said leaving Europe would be bad for prosperity and a betrayal of Britain’s national interests. “Increasingly we see euroskepticism on the rise among the British public—we see cabinet ministers in this government openly calling for Britain to leave,” Miliband said. “For those of us like me, who care...
  • Majority of Britons would vote to leave EU: poll

    11/18/2012 3:10:19 PM PST · by Olog-hai · 11 replies
    EU Business News ^ | 18 November 2012, 17:40 CET | (AFP)
    A majority of Britons would vote to leave the European Union if given the chance, according to a survey published on Sunday. The Optimum Research poll in The Observer newspaper found that 34 percent would definitely vote to quit the 27-member bloc and 22 percent would probably do so, giving a total of 56 percent that would opt to leave the EU. …
  • Officials seek ways to bypass Britain’s EU budget veto threat

    11/16/2012 6:42:11 PM PST · by Olog-hai · 3 replies
    EurActiv ^ | 16 November 2012 | (EurActiv.com with Reuters)
    European Union officials are examining legal options to side-step a possible British veto on the bloc’s long-term budget, in a bid to weaken Prime Minister David Cameron's trump card in the talks, diplomats said. Britain is one of several net contributors including Germany and France demanding deep reductions to EU spending plans worth more than €1 trillion between 2014-2020, which they say are at stark odds with austerity-driven spending cuts at home. Under pressure from Euroskeptics in his own party to deliver a real terms cut, officials believe Cameron is the most likely to make good on a threat to...
  • Van Rompuy: financial tax to form part of EU budget

    11/16/2012 10:39:57 AM PST · by Olog-hai · 2 replies
    EU Observer ^ | 11/16/2012 @ 10:26 | Benjamin Fox
    The much vaunted EU financial transaction tax (FTT) is set to be hard-wired into the EU budget, with most of its revenue going directly to the EU.A paper prepared by EU Council President Herman Van Rompuy and sent to European capitals ahead of next week’s EU budget summit, where leaders aim to agree a mandate on the budget framework for 2014-2020, would deduct FTT revenues from national contributions to the annual EU pot. Van Rompuy put forward his ideas after private talks with EU countries’ budget sherpas over the past 10 days. He has proposed a cut of €75 billion...
  • A Future in Europe? Commissioner Confronts London on EU Loyalty

    11/03/2012 8:30:01 PM PDT · by Olog-hai · 17 replies
    Der Spiegel ^ | 11/02/2012 | (cgh—with wire reports)
    Does Britain belong in the European Union? There are plenty both in the United Kingdom and on the Continent who have their doubts. Now, with the debate over the EU’s next budget raging, a European Commissioner has challenged London to decide. In Germany, Chancellor Angela Merkel is also losing her patience over the squabble. … On Friday, European Commissioner for Financial Programming and Budget Janusz Lewandowski, Poland’s representative in the EU’s executive, said it was time for Britain to make a fundamental decision regarding its future in the European Union. “Of course there are limits,” he said in an interview...
  • EU commission tables (supports) financial tax for 11 states

    10/24/2012 10:27:50 PM PDT · by Olog-hai
    EU Observer ^ | 24.10.12 @ 09:21 | Valentina Pop
    The EU commission on Tuesday (24 October) proposed that a group of 11 countries move ahead with a common financial transactions tax, after years of wrangling failed to produce a deal among all member states. Estonia late on Tuesday joined an earlier group of 10—Austria, Belgium, France, Germany, Greece, Italy, Portugal, Slovakia, Slovenia and Spain—willing to go ahead with the tax. The proposal still needs the approval of a majority of the EU’s 27 countries and the European Parliament, after which a joint legal text will be issued. EU tax commissioner Algirdas Semeta said this will be “the epitome of...
  • EU financial transactions tax gets enough support to take off

    10/10/2012 10:17:34 PM PDT · by Olog-hai · 9 replies
    EU Observer ^ | 09.10.12 @ 15:54 (October 9) | Honor Mahony
    A threshold-breaking eleven member states have agreed to push ahead with a financial transactions tax, but the political breakthrough is tempered by a number of unanswered questions. "Today we have received a clear and very welcome signal that there will be enough member states on board for an EU Financial Transactions Tax," EU tax commissioner Algirdas Semeta said Tuesday (9 October). He promised to come forward with a decision in November, but noted that at least nine countries have to formally make a request in order to trigger a legislative process for a splinter group of member states. So far,...
  • Financial transaction tax: 'Now effective'? (EU)

    10/02/2012 12:16:26 AM PDT · by Olog-hai · 10 replies
    EurActiv ^ | 01 October 2012 | (EurActiv.com, based on reporting by EurActiv.fr)
    France and Germany still need the backing of a number of member states to put in place a European Union financial transaction tax (FTT), despite claims from French President François Hollande that the tax is "now effective", EurActiv.fr reports. For over a year now, Paris and Berlin have been battling to persuade their European partners to put in place a FTT. … A working group, launched by Germany and France in March 2012, continues to discuss the proposal. Poland and Austria say they will take part in the project. To form a robust cooperation agreement, a minimum of nine countries...
  • Forget Obamatax. Are you ready for global taxes?

    07/07/2012 6:25:46 PM PDT · by SeekAndFind · 17 replies
    Hotair ^ | 07/07/2012 | Jazz Shaw
    Just when you think you've identified and outmaneuvered the enemy in front of you, another one comes sneaking up from behind. Yes, I know... you're all worried about the number of taxes in Obamacare and Taxmageddon coming in January. Perhaps you think that by simply electing some new people you'll be in the clear. Guess again.You're living in the global economy now, so why not have some global taxes? Think I'm kidding? How about a global tax on all financial transactions? Now a group of United Nations “independent experts” is pushing the European Union to back a global financial transaction...
  • MEPs approve the Tobin tax (EuroParl gets sneaky, financial transactions tax)

    05/29/2012 9:11:00 PM PDT · by Olog-hai · 4 replies
    PressEurop ^ | 24 May 2012 | (La Tribune, The Daily Telegraph)
    While the leaders of member countries were meeting in Brussels at an extraordinary summit on growth, the European Parliament approved the tax on financial transactions, known as Tobin tax, by 487 votes (152 against, with 46 abstentions). “The joint resolution of Parliament—whose opinion on the subject is only advisory—approves a proposal from the European Commission presented in September 2011,” reports La Tribune, mentioning that it will not come into force before the end of 2014. …Nine countries, including Germany and France, are defending bringing in the tax, but others, like Britain, are opposed because they fear it will provoke financial...
  • (EuroParl Prez Martin) Schulz: 1 million EU signatures could spur finance tax

    04/02/2012 3:32:25 PM PDT · by Olog-hai · 5 replies
    EU Observer ^ | 28.03.12 @ 18:38 | Honor Mahony
    The citizens' initiative—a participative democracy tool coming into effect at the end of this week—could be used to pressure EU politicians into accepting a financial transactions tax (FTT), the European Parliament President has said. "I don't know if the next citizens' initiative would make the crisis disappear; I hope so. But a citizen's initiative to introduce the financial transactions tax could even increase the pressure on those who are still reluctant," Martin Schulz said at a press conference on Wednesday (28 March). His words come just as Germany—until now among the most ardent supporters of such a tax—appeared to concede...
  • Commission: 'Robin Hood' tax would save EU countries billions

    03/25/2012 11:43:49 AM PDT · by Olog-hai · 13 replies · 2+ views
    EU Observer ^ | 22.03.12 @ 17:08 | Honor Mahony
    Member states will pay 50 percent less into the general EU budget by 2020 if they agree to implement a financial transactions tax (FTT), the EU commission said Thursday (22 March). In a last-ditch attempt to undermine government opposition to both this specific 'Robin Hood' levy and the general idea of Brussels raising taxes, EU budget commissioner Janusz Lewandowski put some concrete savings figures on the table. By the commission's estimate, Germany would pay €10.7 billion less to the EU budget by 2020, Poland €1.8 billion, Italy €6.4 billion and Latvia €81 million. The UK, the Netherlands and Sweden—the strongest...
  • Barroso defends EU-wide financial transaction tax

    03/22/2012 10:11:37 PM PDT · by Olog-hai · 4 replies
    European Voice ^ | 22.03.2012 / 17:07 CET | Constant Brand
    The European Commission has defended its proposal to introduce a financial transaction tax (FTT), saying that it could substantially reduce member states' contributions to the EU budget. José Manuel Barroso, the European Commission president, said today (22 March) that the use of an FTT to finance part of the EU budget would give the EU the funds it needed to pay for priority programs on jobs and growth.He told a conference of MEPs and national parliamentarians from across the EU in Brussels that if the EU's budget was funded by an FTT, it would cut national contributions by half. …...
  • Ministers to mull alternative to Tobin tax (in EU)

    03/15/2012 12:31:43 AM PDT · by Olog-hai
    EurActiv ^ | 14 March 2012 | Jeremy Fleming
    EU finance ministers meeting in Brussels yesterday (13 March) asked the Danish presidency to consider compromise alternatives to the financial transaction tax (FTT) after a number of countries voiced concerns about the proposal. Nine countries—France, Germany, Italy, Spain, Belgium, Austria, Portugal, Finland and Greece—signed a letter to Denmark on 7 February calling for progress on the introduction of a FTT before the end of its EU Council presidency. The UK and Sweden oppose a FTT, also referred to as a ‘Tobin tax’, but some other member states positions’ remained unclear until yesterday’s meeting. The finance ministers of the Czech Republic,...
  • EU countries as divided as ever on finance tax (Tobin tax)

    03/13/2012 11:22:58 PM PDT · by Olog-hai · 1 replies · 1+ views
    EU Observer ^ | 2012.03.13 @ 18:41 | Honor Mahony
    Member states remain thoroughly divided on the merits of a financial transactions tax (FTT) following a discussion on Tuesday (13 March). A small group forging ahead with the plan is not an automatic process either. With 12 finance ministers taking the floor for a political discussion on the controversial idea, the debate cemented the well-known public positions of several countries—from the no-go of the UK and Sweden to Germany's outright support and several shades in between. "We need a decision in the foreseeable future," said German minister Wolfgang Schäuble, adding that he prefers an agreement among all 27 member states....
  • EU commission plans new spin on financial tax

    02/04/2012 10:38:15 PM PST · by Olog-hai · 4 replies
    EU Observer ^ | 2012.02.03 @ 18:19 | Valentina Pop
    The EU commission is revising its impact assessment of a proposed financial transactions tax (FTT), which included a worst-case scenario leading to job losses. The responsible commissioner now says original projections were "misused" and the overall impact will be positive. "The commission services are carrying out a fine-tuned economic analysis," a spokeswoman for commissioner Algirdas Semeta, in charge of taxation, told this website on Friday (3 February). The revised impact assessment is expected to focus on the positive impact of a 0.1 percent tax on primary markets and 0.01 percent on the much larger and more speculative market for derivatives....
  • Franco-German 'growth' plan looks to EU funds and taxes

    01/22/2012 12:31:34 PM PST · by Olog-hai · 3 replies
    EU Observer ^ | 20.01.12 @ 18:14 | Valentina Pop
    BRUSSELS—A six-point plan drafted by France and Germany has suggested corporate tax "coordination," an EU financial transactions tax and the redeployment of EU funds in troubled countries as ways to spur growth and jobs. Following Standard & Poor's recent downgrade of nine euro-countries, including France, in which the ratings agency warned that austerity and budget cuts are not the way out of recession, Paris and Berlin have teamed up once more and drafted a six-page paper called "Ways out of the crisis—strengthen growth now!" The paper—seen by EUobserver—is supposed to be discussed at the EU summits on 30 January and...
  • Taking on the Speculators: What Would a European Tobin Tax Really Mean?

    01/11/2012 10:53:40 AM PST · by Olog-hai · 5 replies
    Der Spiegel ^ | 01/11/2012 | Stefan Kaiser
    The idea is age-old, but its time may soon be coming. A tax on financial transactions could help to stem short-term speculation on the markets. French President Nicolas Sarkozy wants to push the tax through in Europe—if necessary even without Britian, which has doggedly resisted such measures. Sarkozy picked up a new ally for the plan this week as well: German Chancellor Angela Merkel is also willing to venture going it alone to implement the tax exclusively within the 17 members of the euro zone. It would not directly apply to London, Europe's most important financial center. Ironically, it was...
  • Euro 'not in crisis': Italian PM

    01/08/2012 5:03:53 PM PST · by Olog-hai · 16 replies
    EUBusiness.com (AFP) ^ | 08 January 2012, 23:07 CET
    Italian Prime Minister Mario Monti on Sunday rejected talk of a euro crisis and said Rome was open to the idea of a tax on financial transactions championed by France—but only if the measure was part of an EU-wide effort. "The euro is not in crisis, the currency has solidly maintained its exchange rate with the dollar," Monti said on RAI 3 public television, adding that Italy's "banking system is not under threat". "The problem we are facing is that some EU countries have a public debt crisis," he said. "Our crisis is a systemic crisis." Monti, a former European...
  • Cameron says EU-wide financial tax would harm Europe

    01/08/2012 4:41:08 PM PST · by Olog-hai · 1 replies
    EUBusiness.com (AFP) ^ | 09 January 2012, 01:08 CET
    British Prime Minister David Cameron said Sunday he would block any attempt to introduce an EU-wide financial transaction tax because he fears it will harm jobs and prosperity in Europe. Cameron said countries such as France pushing for the introduction of such a levy were welcome to go ahead and introduce it within their own borders. But implementing a tax in the European Union when countries in the rest of the world were not bound by it would have a negative effect on jobs and prosperity in Europe, he said. "If the French themselves want to go ahead with a...
  • French minister stokes divisions on EU financial tax

    01/05/2012 5:01:42 PM PST · by Olog-hai · 1 replies
    EU Observer ^ | 2012.01.05 @ 09:26 | Andrew Rettman
    BRUSSELS—A junior minister in the French government has predicted there will be an EU financial transactions tax by the end of 2012 in remarks likely to annoy fellow EU countries on many levels. EU affairs minister Jean Leonetti spoke out on the subject on the French LCI news channel on Wednesday (4 December), saying: "It's on the agenda of the next EU summit, Nicolas Sarkozy and Angela Merkel have decided it and it will be put in place before the end of 2012." … The European Commission last September put out detailed proposals on a tax designed to capture €57...
  • Another senator planning to retire [Jeff Bingaman, (D-NM)]

    02/18/2011 11:05:35 PM PST · by 2ndDivisionVet · 26 replies
    ALBUQUERQUE — As Senator Jeff Bingaman shook hands of those congratulating him on his years of service, he turned to the crowd and said: “Sure seems like a wake in here, doesn’t it?’’ The 67-year-old Democrat announced yesterday that he would retire after the end of his current term, which ends in two years. The decision was the latest in a string of departures to hit congressional Democrats as they head to the 2012 elections.....
  • G20 Leaders Urged To Back 'Robin Hood' Tax

    11/07/2010 9:43:36 PM PST · by 2ndDivisionVet · 92 replies
    Sky News ^ | November 8, 2010 | Rob Cole
    Some 183 organisations from 42 countries have come together to issue a plea to world leaders to impose a tax on financial transactions to help meet the costs of the economic crisis. The group is the largest coalition yet to demand that a tax is levied on international financial transactions. Members include Britain's Robin Hood Tax campaign, supported by the TUC, Friends of the Earth and ActionAid. Their plea comes ahead of the summit of leaders of G20 economic powers in the South Korean capital Seoul on November 11-12. The issue of measures needed to stabilise the world economy and...
  • Is a Big Problem Brewing for Larry Summers?

    12/21/2009 5:21:41 AM PST · by Need4Truth · 1 replies · 406+ views
    Economic Policy Journal ^ | December, 20, 2009 | Robert Wenzel
    When Larry Summers was president of Harvard, a woman by the name of Iris Mack was fired from Harvard Capital Management. The problem with this? A month before she was fired she sent Summers an email warning him about the quality of the portfolio managers at HMC and also about the dangerous derivatives positions that HMC was taking on that ultimately resulted in huge losses for Harvard. {snip] The story of Summers' mismanagement of Harvard's finances appears to be a story that won't seem to die. Most recently showcased by Bloomberg. Now focus appears to be picking up on Mack,...
  • $100B/Yr Climate Finance Challenging, But Possible (global taxes!) - UN Panel (Soros)

    11/06/2010 11:28:07 PM PDT · by SmartInsight · 33 replies
    WSJ ^ | Nov. 5, 2010 | Selina Williams
    Raising $100 billion a year of climate finance by 2020 is challenging, but possible through mechanisms including carbon markets, domestic carbon taxes and a variety of international transportation taxes, a United Nations advisory group said in a report Friday. Earlier this year, the UN's Ban established the panel, which includes U.S. National Economic Council Director Larry Summers, billionaire financier George Soros and Deutsche Bank vice-chairman Caio Koch-Weser. The financing will be used to support mitigation and adaptation efforts in developing countries--in particular, for the poorest and most vulnerable communities.
  • Obama Endorses Global Taxes on Eve of U.N. Summit

    09/17/2010 7:00:06 AM PDT · by unspun · 146 replies · 1+ views
    Gulag Bound ^ | September 17, 2010 | Cliff Kincaid
    In a classic case of misdirection, while the media are preoccupied with the fate of the Bush tax cuts, President Obama is preparing to attend a United Nations summit next week to endorse “innovative finance mechanisms”—global taxes—to drain even more wealth out of the U.S. economy. A draft “outcome document” produced in advance of the September 20-22 U.N. Summit on the Millennium Development Goals (MDGs) commits the nations of the world to supporting “innovative financing mechanisms” to supplement foreign aid spending. The term “innovative financing mechanisms” is a U.N. euphemism for global taxes. But the document actually goes further, praising...
  • The UN's $7 Trillion Socialist Scam

    02/11/2006 6:02:20 PM PST · by Tailgunner Joe · 51 replies · 1,658+ views
    FrontPageMagazine.com ^ | February 10, 2006 | Joseph Klein
    The United Nations says it can end poverty, stop global warming, and end the threat of contagious disease while also unlocking $7 trillion of hidden wealth from developing nations in the process. If this sounds too good to be true, that’s because it is. In a new book launched with great fanfare at last month’s World Economic Forum in Davos, Switzerland, The New Public Finance: Responding to Global Challenges, the United Nations Development Programme (UNDP) claims to offer “innovative financial mechanisms that could dramatically reduce the cost of managing global risks can now be implemented by governments across the world.”...
  • U.N. push for world government, advocates approval of key building block: Law of the Sea Treaty

    09/05/2005 8:59:17 AM PDT · by Paul Ross · 58 replies · 2,126+ views
    The Center For Security Policy ^ | August 31, 2005 | Frank Gaffney
    Decision Brief No. 05-D 44 2005-08-31 On eve of U.N. push for global government, advocates urge Senate to approve a building block: The Law of the Sea Treaty (Washington, D.C.): As concern grows that the United Nations is intent on replacing what the National Security Guidance calls "an orderly arrangement of sovereign states" with a proto-world government - complete with the ability to impose international taxes, a new push is being made for a treaty that would advance that purpose: the Law of the Sea Treaty (LOST). This sovereignty-sapping agenda is at the heart of a dispute now playing...
  • U.N. to Emerge as Global IRS

    06/24/2009 12:49:56 PM PDT · by Ooh-Ah · 100 replies · 4,889+ views
    AIM (Accuracy in Media) ^ | June 23, 2009 | Cliff Kincaid
    While our media sleep, the United Nations is proceeding, with President Obama's acquiescence, to implement a global plan to create a new international socialist order financed by global taxes on the American people.The Conference on the World Financial and Economic Crisis and its Impact on Development that begins on Wednesday will consider adoption of a document calling for "new voluntary and innovative sources of financing initiatives to provide additional stable sources of development finance..." This is U.N.-speak for global taxes. They are anything but "voluntary" for the people forced to pay them.The most "popular" proposals, which could generate tens of...
  • Gordon Brown says support is growing for a global tax on finance

    12/11/2009 10:56:29 AM PST · by FromLori · 24 replies · 384+ views
    Telegraph UK ^ | 12/11/09
    Gordon Brown said today that there's growing support for a tax on financial transactions to ensure banks shoulder the cost of any future crisis. The British prime minister, who on Wednesday introduced a one-time 50pc tax on bankers' bonuses, said that "global taxes will not be introduced unless all global financial centres are able to come behind them, but I believe there's global support for that." Governments around the world are shouldering ever greater debt as the cost of rescuing the financial system and the downturn combine to drive up their borrowing. Mr Brown first mooted the idea of a...
  • Has Anyone Read the Copenhagen Agreement? U.N. plans for a new 'government' are scary.

    12/09/2009 12:33:17 PM PST · by Nobel_1 · 65 replies · 3,015+ views
    WSJ Asia ^ | 10/28/2009 | JANET ALBRECHTSEN
    We can only hope that world leaders will do nothing more than enjoy a pleasant bicycle ride around the charming streets of Copenhagen come December. For if they actually manage to wring out an agreement based on the current draft text of the Copenhagen climate-change treaty, the world is in for some nasty surprises. Draft text, you say? If you haven't heard about it, that's because none of our otherwise talkative political leaders have bothered to tell us what the drafters have already cobbled together for leaders to consider. And neither have the media. Enter Lord Christopher Monckton. The former...
  • Lord Monckton’s summary of Climategate and its issues

    12/02/2009 12:40:01 PM PST · by Forgiven_Sinner · 27 replies · 1,954+ views
    Watts Up With That? ^ | November 30, 2009 | by Christopher Monckton of Brenchley
    Both Steve McIntyre and I are mentioned in this comprehensive summary. I’ve posted some excerpts below, with a link to the full report in PDF form. It is well worth a read. – Anthony Cold facts about the hot topic of global temperature change after the Climategate scandal THE WHISTLE BLOWS FOR TRUTH The whistleblower deep in the basement of one of the ugly, modern tower-blocks of the dismal, windswept University of East Anglia could scarcely have timed it better. In less than three weeks, the world’s governing class – its classe politique – would meet in Copenhagen, Denmark, to...
  • Environment Agency to propose individual carbon ration cards

    11/30/2009 8:09:53 PM PST · by thouworm · 34 replies · 1,267+ views
    BusinessGreen ^ | Nov 9, 2009 | Cath Everett
    The Environment Agency will argue today that carbon rationing is the fairest and most effective way for the UK to meet its legally binding targets to cut greenhouse gas emissions. The Agency’s chairman, Lord Smith, will propose at the organisation's annual conference in London that every citizen be provided with a "carbon account" and unique number that they submit when buying carbon-intensive items such as petrol, electricity or airline tickets. Individuals would then periodically receive statements that show the carbon impact of each purchase and how much of their annual ration has been used up. If they exceeded this ration,...
  • Horowitz/Poe: The Shadow Party

    10/16/2006 2:15:15 AM PDT · by tgambill · 120 replies · 1,901+ views
    California Republic ^ | 10/13/06 | Richard Kirk
    A month after John Kerry’s narrow loss to George W. Bush in 2004’s Presidential election, Eli Pariser boasted to his MoveOn associates, “Now it’s our party. We bought it. We own it.” The huge question raised by this audacious declaration was, “Who are ‘we’?” That query is answered in David Horowitz and Richard Poe’s new book, The Shadow Party—a work that also explains how this political takeover was accomplished. In the authors’ own words, “This book documents how, through an extraordinary series of political, legal, and financial maneuvers, an unlikely network of radical activists and activist billionaires gained de facto...
  • United Nations Proposal: World Taxation Without Representation

    03/15/2006 9:20:22 PM PST · by Tolerance Sucks Rocks · 77 replies · 1,288+ views
    GOPUSA ^ | March 15, 2006 | Paul M. Weyrich
    Researcher Cliff Kincaid has devoted his life in recent years to studying what is happening at the United Nations. He fortunately has a strong stomach. This amalgamation of nations which continually is envious of the prosperity of the United States convenes to debate new ways that we can be taxed for their benefit. A few months ago the UN had its sights firmly on the Internet. Thanks to Kincaid and others these designs were exposed early on and the UN was forced temporarily to back off taxation of the Internet. The retreat is only tactical - one step back to...
  • The U.N.'s plans for global socialist rule

    02/04/2006 2:24:04 AM PST · by JohnHuang2 · 8 replies · 558+ views
    WorldNetDaily.com ^ | Saturday, February 04, 2006 | Henry Lamb
    At the World Economic Forum in Davos, Switzerland, last week, the United Nations Development Program promoted its plan to rule the world through a global socialist economic system. The plan is detailed in a book entitled "The New Public Finance: Responding to Global Challenges", published by Oxford University Press. The U.N. plan identifies seven trillion dollars – that's $7,000,000,000,000 – to be taken from developed nations for use by the U.N. to solve all the world's problems. At the heart of the program is a global pollution-permit trading scheme that would produce $3.64 trillion, according to the U.N. This is...
  • Americans Forced to Pay U.N. "Globotaxes"?

    07/20/2005 6:39:19 PM PDT · by neverhome · 40 replies · 880+ views
    The Advocates.org ^ | 07/20/05 | James W. Harris
    GOOD NEWS, BAD NEWS, UNBELIEVABLE NEWS by James W. Harris Americans Forced to Pay U.N. "Globotaxes"? A worldwide tax -- including American citizens -- to support the United Nations? Taxation without representation for the citizens of a nation founded in revolt against that very concept? It's being seriously discussed -- and the supposedly anti-tax Bush administration hasn't raised a peep. Indeed, the Bush administration is participating in the discussion. The U.S. government, at the G8 nations meeting earlier this month, agreed to create a working group proposed by France, Germany, Italy and Great Britain to consider carrying out "innovative financing...
  • THE POWER TO TAX IS THE POWER TO DESTROY (CHIRAC WANTS UN TO TAX INDIVIDUAL GUN PURCHASES)

    07/31/2003 9:26:07 AM PDT · by fight_truth_decay · 23 replies · 254+ views
    NewsWithViews.com ^ | July 31, 2003 | Larry Pratt
    The UN has earned its reputation as the largest anti-self-defense organization in the world. Their lust for depriving individuals of firearms for self-defense is strong and growing. They have been promoting a universal gun registration program in order to set the stage for confiscation. Consider who comprises the UN. Communist China is the largest thugocracy in the world. Other countries suffering from a variety of crooks and thugs include Syria, Sudan, Lybia, Zimbabwe, Cuba, Iran and North Korea. We are supposed to take them seriously because they send their goons all dressed up in suits to UN meetings? The only...