February 2001
Date: Sat, 17
Feb 01 14:21:15 -0800
From: Ruthanne Cecil <cecilr@humboldt1.com>
(copied from the e-mail newsletter)
The
Tobin Tax Initiative -- http://www.tobintax.org
----------------------
---HEADLINES--------
--1) Labor leaders support CTTs (including
AFL-CIO, DGB, NUPGE)
--2) Prime Minister of India in support of Tobin-style
taxes
--3) Country reports on CTT activism
--4) Letters to the editor
--5) Definition of Tobin Taxes......
-------------------------
(1) Labor unions...AFL-CIO and German DGB: Yes to Tobin!
Press Release PM 025, January 30, 2001 www.dgb.de, with translation by Peter Wahl
AFL/CIO and DGB in favour of stronger control of international finance markets
The German Trade Union DGB and the American trade union AFL-CIO request the reform of the international finance markets. The control over the finance markets has to be recuperated said the president of AFL-CIO, John Sweeney, and the president of DGB, Dieter Schulte, last Monday in Berlin. This is the only way to provide long term and productive investments and sustainable growth.
In the centre of the talks between DGB and AFL-CIO were economic and socio-political questions and common activities for a socially equitable restructuring of globalisation. Monday evening, the trade union representatives met chancellor Gerhard Schröder.
DGB and AFL-CIO criticised, that they were not allowed to participate in the discussion about the new international financial architecture. The "Forum for Financial Stability" which has been established by the G7, is supposed to present recommendations which had been elaborated only by governmental civil servants and representatives of business and banks. However, the trade unions request the establishment of a pluralistic and independent international commission, which should work out a report for an international regulatory frame.
For the stabilisation of the international finance system courageous steps are necessary, said Sweeney and Schulte. The trade unions request for stable exchange rates between Euro, Dollar and Yen, capital controls for short term flows and the taxation of currency transactions.
From the point of view of the two trade unions the World Trade Organisation (WTO), too, has to be reformed. Labour rights and aspects of environmental protection have to be addressed more in the global trade and investment system. This would not be an attempt to build a protectionist wall against the world economy
The Development Assistance Committee of the OECD should integrate into its eligibility criteria the core labour standards. First, fair international agreements would have to regulate labour standards, environmental protection and agriculture. Second, the procedures of the WTO should be reformed in a way, that there are more means for developing countries which are not capable to fulfil their tasks and to use their rights as members of the WTO.
(thanks to ATTAC newsletter #67, Sand in the Wheels, newsletter@attac.org)
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Canadian labor union support for Tobin-style taxes too.... (a short note....)
You might be interested in the National
Union of Public and General Employees Globalization Web Page.
It's at http://www.nupge.ca/Globalization/globalization.html.
Bob Dale, NUPGE,
Canada (National Union of Public and General Employees) (2) India Prime Minister in Favor of a Tobin-Like Tax. Indian Prime
Minister Atal Behari Vajpayee has suggested the imposition of an international
levy on capital flows between developed countries and all capital repatriations
from developing countries, reports the Times of India. The money he
says can then be credited to a Global Poverty Alleviation Fund. Among
other purposes the Fund could serve, said Vajpayee, would be: accelerated liquidation
of all public external debts of low-income countries, framing of poverty alleviation
programs targeted specifically at those who have lost their livelihoods in economic
crises born out of reversal of external capital flows in developing countries,
assistance in enhancement of skills and access to finance needed by the poor to
compete effectively in the global economy. The Fund could also help place
technologies that save lives, increase food output, and generate renewable
energy for rural areas, for use by developing countries. The suggestion for
a Global Fund came on Wednesday during Vajpayee's inaugural address at the first
Delhi Sustainable Development Summit 2001 organized by the Tata Energy Research
Institute, notes the story. Global leaders, thinkers, and environmentalists participated
in the summit. Among those who also spoke during the inaugural session were
UNDP administrator Mark Malloch Brown, and Maurice Strong, president of
the UN University. Vajpayee also said there is a need substantially to increase
the resources of governments in developing countries to pursue developmental projects
and programs aimed specifically at poverty eradication. Moreover, he said there
was also a need for enhancement of the resources of bilateral and multilateral
agencies. "This calls for a far higher level of political will in industrialized
countries than is manifest today," he said. "What we need is a comprehensive
and holistic global strategy which involves the fullest mobilization of all our
economic, social, cultural and technological resources," Vajpayee said, noting
that a narrowly focused economic model can neither remove global poverty nor yield
sustainable development. Pointing to the global inequity measured in the
World Bank's latest World Development Indicators, Vajpayee said a sixth of the
world's population receives 78 percent of world income, while three-fifths of
the world's population living in the poorest 61 countries receive only six per
cent of the world's income. The news comes as the Earth Times reports that
economic inequality is growing faster everyday, says the World Institute for Development
Economics Research (WIDER) of the UN University. More and more people are
becoming poor and the trend is likely to grow in the next decade, according to
WIDER. Information published in collaboration with Steve Tibbett, Senior Campaigner.
War on Want -------------------------------------------------------------------- (3)
COUNTRY REPORTS .. a recap from Porto Alegre, by Robin Round (NOTE:
Robin Round of Halifax Initiative, Canada, traveled to Brazil to attend the recent
World Social Forum at Porto Alegre. Here are excerpts from her report on
what activist groups are doing on CTTs) ARGENTINA There are 4 ATTAC
groups at the local level, one based in a university. ATTAC wants more coherence
on information distribution in a range of languages. Groups active in Jubilee
movement, GMO groups, IMF/WB groups and trade unions are all beginning discussions
on the Tobin tax. AUSTRIA ATTAC has been set up within the trade union
movement and is working to expand membership.They got underway in November,
2000, and also address issues of taxation including tax havens. BELGIUM.
Two houses of Parliament passed resolutions that will lead to Belgium raising
the currency transactions tax in the next Presidency of the European Union,
beginning July 2001. The Finance Minister promises to start the discussion
about a CTT on a European level in the Eurogroup, the informal meetings
of the Ministers of Finance of the Eurozone. This is an important victory
in the European campaign, and congratulations to all who made it happen.
BRASIL ATTAC works with trade unions and was active in the Seattle
mobilization. Ceci Jurua, a professor of public finance, noted that the
Tobin tax provides an opportunity to open the debate on financial sector
reform in a country destroyed by financial turmoil and facing skyrocketting
interest rates. ATTAC Brasil is concerned that much of the information from
ATTAC is in French. They wish to connect with other groups in Latin
America to strategize and share information. CANADA Halifax
Inititative and ATTAC-Québec
are beginning discussions on a joint campaign with the new Canadian Parliament
in hopes of fostering Canadian leadership on CTTs at various multilateral fora,
including the UN Financing for Development. Halifax Initiative hopes to
host an international conference on currency transactions taxes in the fall.
The meeting will be for NGOs, academics and Parliamentarians and will focus
our discussions and debates on the questions associated with implementation. Halifax
Initiative and War on Want (UK) are currently preparing separate papers
on implementation. In Quebec, ATTAC has a new group in Montreal and is working
on the upcoming FTAA meeting in Quebec City. The implications on all our
work on the Tobin tax of the pending FTAA agreement are ominous. Total openness
for investors means that money can go where it wants and governments may
be unable to control it. FINLAND ATTAC Finland launched the week
of January 15th, 2001. There is a feeling that the dynamic is changing in
Finland and public support is now more likely. Heki Patomaki of NIGD is
preparing a response to the finance ministry report which stated that a
Tobin tax was not feasible. NGOs remain confident of the support of the
Foreign Affairs Ministry and plan to work with them and civil society to
build the Finnish movement. FRANCE ATTAC France now has over 25,000 members.
ATTAC is also working on the issue of tax havens and local issues
including public service provision, immigration and agriculture/ food security.
As a result, Tobin taxes are one of many issues. ATTAC France will hold a large
meeting in Paris in December to set the agenda for national elections. They
will be involved in both Quebec City(FTAA) and Genoa (G7). SWEDEN
ATTAC started at the beginning of the new year. Over 1,000 individuals participated
in the first meeting. Meeting drew even right wing media interest. Group
has already begun to lobby the EU Presidency (Sweden is in the presidency
currently). (For more information, see the article below) URUGUAY
ATTAC Uruguay started in November, 2000 and has 450 members on its correspondence
list. They will do a public announcement on the rationale for supporting
a Tobin tax and will do it with the support of economists. A web page is
under construction with a goal of expanding the public debate and discussion
on the tax. There is a need for much more education on the issue. There
is some support among Parliamentarians as well as trade unions. EUROPEAN
PARLIAMENT The Intergroup of parliamentarians is organizing a hearing on
Tobin taxes in Brussels late March to build support for re-introduction
of a resolution. Economists Rodney Schmidt(Canada) and Paul Bernd Spahn
(Germany) will do the briefing. Organizers hope to do a parallel meeting,
a joint NGO session to discuss strategy for the upcoming Belgian presidency.
------------------------------------------------------------- (4)
The Fantastic Story of ATTAC Sweden (Sverige) Is this a Latin country?
wondered Pierre Tartakowsky, secretary-general of Attac-France, when seeing the
wild enthusiasm of young and old Swedes in Stockholm. Attac-Sverige was founded
early January 2000, the same time Sweden took over the EU-chairmanship from France.
The former event was reported as frontpage news, in editorials, radio interviews,
debates and TV-programmes. We started planning for this ten months ago, explains
Aron Etzler (27), one of the initiators, who built his organization on 100 young
enthusiasts.. In july Attac-France¹s president Bernard Cassen visited Sweden
to help prepare the ground by speeches and press conferences. Cassen¹s visit
was followed on several occasions by Attac-France¹s vice president Susan
George. The whole time print media, radio -and TV gave wide coverage. During the
Fall 20 local Attac-associations were founded. Bim Clinell wellknown author, debater
and journalist informed about Attac followed by many others. Attac was in
focus... But the curious, yet positive, attitude towards Attac was not shared
by all In august the Christian Democratic leader, Rev. Alf Svensson, accused Attac-associations
of "hooliganism and neonazism". The Swedish Employers¹ Association (SAF),
the federations of Commerce and Industry, the neoliberal think tank Timbro coordinated
their smear campaign against Attac, which was strongly defended by an important
figure head Lutheran Archbishop K.G. Hammar. Attac-Sverige¹s inaugural
festivities started on January 6 in the ABF House, which contains half a
dozen large conference rooms. On this Saturday, 28 seminars were held by wellknown
journalists, university professors, authors, researchers and other intellectuals.
The atmosphere before the beginning at 10 a.m. was similar to an opening night
on Broadway ! Attac had hoped for 500 people. When 1100 had paid the entrance
fee, doors had to close because of fire regulations. Yet several hundreds still
waited in the street in freezing wheather. A waiting list was circulated. When
someone left the building room was made for people outside. A smashing success
! The same was true for Attac-France¹s Pierre Tartakowsky, who got strong
ovations during his debate with Sweden¹s minister of Foreign Trade Leif Padgrowsky.
Although sceptical, Padgrowsky welcomed Attac to Sweden. That evening
there was a ball at the Stockholm university, north of the capital. Several popular
orchestras played, attendants danced, speeches were held. Earlier nervousness
had given way to a feeling of "wow, we¹ve made it". Participants started
to drift home after 2 a.m. Sunday morning back to the ABF-House. During four
hours Attac¹s General Assembly debated, adopted the statutes, and elected
a Board. Its 15 members (average age 35) come from different parts of the country,
NGO:s and popular movements. Paragraph 2 states that Attac is a "non-party political,
religiously neutral organization", which welcomes all democrats subscribing to
the platform: Tobin tax, abolishment of the debt of poor countries and fiscal
paradises etc. We on the Board want to know each other better, before electing
a chairperson. Possibly we opt for three chief executives, says Lena Klevenâs
(50), former MP of the social democrats. She also announced that a parliamentary
Attac-group will soon be founded. Following the General Assembly a manifestation
was held in the very heart of the Swedish capital. 1500 people listened
to Tartakowsky, as he opened the event, enjoyed street theatre portraying "the
Globalization Game", and hundreds signed up for membership. Svensk Handel, the
national commerce trade organization had grimly warned Attac, that it would sue
for every shop window broken by demonstrators. But after one hour 3/4 of the police
force left. Later the police department phoned Attac officials thanking them "for
the perfect order, which had reigned throughout the manifestation". And mass
media? Svenska Dagbladet, owned by large Swedish industries, covered most of its¹
front page with a huge picture in colour about Attac. And its¹ leading article,
furthermore filled two pages inside. Dagens Nyheter, Scandinavia¹s
biggest morning paper, had gone from aggresive negativism to cautious praise.
Attac was welcomed to Sweden, although the paper regretted that "new political
movements like Attac develop outside traditional party politics". Expressen, which
earlier accused Attac of violence and narrow nationalism, now welcomed "all the
serious, intelligent, well informed Attac members to Swedish political life".
Expressen in addition presented its apologies for previous "unfounded accusations".
A hearty welcome was also presented by Prime Minister Göran Persson, present
chairman of the European Union. He said he looked forward to meet with Attac.
Wanja Westin-Lundby, new boss of LO, the trade union federation of blue collar
workers was "just passing by". But she eagerly studied information
about the composition of the Attac Board. "What broadness of representatives,
people from different walks of life and opinions. It looks fine indeed.
Tell them to contact me", she declared. Malte Eriksson, of the Graphic Workers
Union had joined Attac, as the first secretary general of a trade union belonging
to LO. Attac also has excellent relations with two other unions, those of Commerce
and Food industries. Thus Attac-Sverige, seemingly, has won the battle of public
opinion. And this in Sweden, next to the U.K., the most neoliberal country in
Europe! On January 9. the 30 local associations were launched; from Malmö
in the south, to Umeâ not far from the Polar Circle in the north. Our new
member of the Attac-family already has more than 2 000 paid-up members. On February
24. it is the turn of Attac-Danmark to enter the scene, with Finland following
suit. Will Norway also join the Attac family ? Shall we bet that it won¹t
be long ? Swedish analysts explain Attac¹s success by factors such as
perfect launch timing, determination, patience, political intuition and hard,
hard work. Not bad for activists with an average age of 25. Others point out that
Swedes have tired of neoliberalism, and want to go back to their deep rooted social
democratic sense of equality, brotherhood and solidarity. All explanations are
certainly right... Michel Jerneval, Groupe International Responsible of the
Nordic countries inter@attac.org ----------------------------------------------------------------------
(5) LETTERS TO THE EDITOR................ Welcome back, from Attac-Ireland....
Dear Ruthanne, It was great getting the Tobin Taxes update again. We
in Attac-Ireland missed it, and missed you. Welcome back and thanks for the latest
issue. Best wishes, Claudine Gaidoni, ATTAC, Ireland A question and answer about parliamentarian's network on CTTs... To
Robin Round and Ruthanne Cecil, hello Please see below a question I sent to
Steve Tibbett in War on Want following his message sent out about a parliamentarian's
network on CTT... I am very interested in info about how to contact the network
(see complete question below...). If you have any info on this I would appreciate
an answer from you. Thanks in advance, all the best, Thomas Johansen
Socialist Left Party of Norway member of international committee and NGO delegate
to the Copenhagen + 5 in Geneva Harlem Desir from the European Parliament (France) is one of the organizers
of the parliamentarians network and was an organizer for the Parliamentarian
Forum held parallel to the World Social Forum last month in Brazil. He can
be reached at hdesir@europarl.eu.int.
The website where Parliamentarians from around the world have signed on
to a declaration in support of the Tobin tax is at http://tobintaxcall.free.fr
- I haven't checked lately but I believe there are over 500 signatures
on it now. I encourage you to sign, as we use that total in our lobby work
to reveal the extent of global poltical solidarity in support of currency
controls.... I will include with this email the text of the Canadian motion
passed in Parliament in March of 1999. Some MPs elsewhere are considering
using similar motions or resolutions to spark debate. Note that recent revisions
of Tobin's original proposal make clear that the tax can be adopted unilaterally
- thus the cooperation implicit in the Canadian motion would only apply
to revenue redistribution. Thanks and good luck, Robin Round Policy Analyst,
Halifax Initiative, Canada Canadian Motion: "That, in the opinion of the House,
the government should enact a tax on financial transactions in concert with
the international community." --------------------------------------------------------------
(5) Definition..... The Tobin Taxes Update is a newsletter of the Tobin Tax Initiative USA. Center for Environmental Economic Development, Write to us for information on memberships and educational packets.....
Building Local Support for Global Solutions...
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- 37-39 Great Guildford Street; London SE1 0ES
website:
www.waronwant.org
Phone: 020 7620
1111
Fax: 020 7261 9291
e-mail: stibbett@waronwant.org
ATTAC
in Sweden: http://attac.org/sverige/
e-mail : sverige@attac.org
---------------------------------------------
----------------------
Dear Thomas,
Currency transaction taxes (CTTs) or Tobin-
style taxes are national taxes on cross-border currency transactions for
the purposes of: reining in market volume and volatility; restoring national
sovereignty over monetary policy; and raising substantial revenue for urgent
global priorities. They can be adopted by national legislatures, but nations
will need to cooperate for effective enforcement. We prefer and
encourage the plural form (Tobin Taxes) rather than the singular, to show
our support for nationally and/or regionally-adopted versions of CTTs
---------------------------------------------------
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Ruthanne Cecil,J.D., Newsletter Editor
website - http://www.tobintax.org
P.O. Box 4167,
Arcata, CA 95518-4167 USA
TEL (707) 822-8347 FAX (707) 822-4457
email: <cecilr@humboldt1.com>
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