UNDP WATCH: REUTERS: UN urges countries to impose global taxes to boost aid

Friday, July 6, 2012

REUTERS: UN urges countries to impose global taxes to boost aid

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(Reuters) - The United Nations on Thursday urged countries to impose international taxes to raise more than $400 billion a year, such as a carbon tax, a currency transaction tax and a billionaires tax, to offset cutbacks in aid by many countries amid global economic turmoil.

The U.N. World Economic and Social Survey found the needs of developing countries were not being met, more money was needed to fight challenges like climate change and new taxes would help "donor countries overcome their record of broken promises."

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