MDGs and Financial Transaction Tax
Now that the MDG Summit seems to have been concluded even before it started, with the adoption on Day 1 of the final Declaration, there is much speculation about how Governments will use the last 2 days of the Summit.
Many in the NGO camp hope that Governments will use their speeches not just to reaffirm their commitment to the MDG agenda, but also to announce new initiatives. Much hope is pinned on US President Obama’s speech , and on the Financial Transaction Tax proposal.
The ICTU have set out clearly what they think of the proposal, and late last week, Trócaire’s Justin Kilcullen also called for its introduction. The Dutch Government, in contrast, last night said it was “less than enthusiastic” about the proposal. Ireland has traditionally been very reluctant to think creatively about taxes. But you never know!
We’ll see in the next few days.