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L'incertitude quant à la TTF inquiète les militants de la lutte contre la pauvreté

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Publié 18 janvier 2012, mis à jour 14 décembre 2012

Les projets concernant l'introduction d'une taxe européenne sur les transactions financières restent flous et nombreux sont ceux qui craignent que l'imposition d'un nouveau fardeau fiscal en ces temps difficiles sur le plan économique n'entrave la relance. Les ministres européens des finances devraient examiner la proposition lors de la réunion du 24 janvier.

British Prime Minister David Cameron has ruled out the idea, and Irish Prime Minister Enda Kenny has echoed London’s concerns about the impact on the financial services industry.

The growing unlikelihood of an EU-wide tax is a blow to anti-poverty campaigners who have lobbied hard for the EU set a global example by introducing a financial transactions tax, or FTT, to help developing countries.

“The perspective of the detractors of the FTT is quite small-world,” said Laura Sullivan, European policy and campaign manager for ActionAid’s Brussels office. “These countries are focusing on one constituency, and in most cases that constituency is the financial sector.”

ActionAid, a South African charity, the InterAction alliance and Oxfam are among dozens of international organisations pressing global leaders to approve a tax and to use it to help developing nations.

Their campaign gained fresh momentum in March 2011 when the European Parliament backed an FTT and again in September when the European Commission proposed taxes on stock, bond and derivatives trading within the 27-nation bloc – although these efforts are aimed more generally at raising revenues in times of tight budgets. The Commission estimates the fees would generate €57 billion in annual revenue for cash-strapped governments.

Then in November, the UN’s Human Development Report urged world leaders to back an FTT, warning that gains in poverty-reduction are at risk without more investment in developing countries.

Development aid hit a record $141 billion in 2010 (€110.7 billion), but aid advocates and charities fear that foreign assistance budgets will be cut to address debt and economic problems in the EU, United States and Japan – the biggest donors. The EU accounted for half of international aid in 2010, according to statistics from the Organisation for Economic Cooperation and Development.

Preventing ‘a Vegas situation’

Sullivan says a financial transaction tax should not be used to plug current budget holes but as a source of funding for addressing sustainable development and climate change in needy nations.

“It is clear there is a need for additional climate change and development funding,” she said, urging EU leaders to press ahead with the Commission’s proposal to tame speculation on stocks and commodities to prevent “a Vegas situation of betting on food supplies”.

“We appeal to these leaders to think beyond their borders,” Sullivan said.

French President Nicolas Sarkozy, a leading advocate, has vowed to press ahead with the idea along with Germany and other countries willing to join. Jean Leonetti, France’s European Affairs minister, recently expressed confidence that a tax would be approved through on an intergovernmental basis.

Besides Britain and Ireland, officials in the Czech Republic, Malta and Sweden have also expressed reservations about the FTT. Italian Prime Minister Mario Monti has backed French calls for the tax, but also voiced concern about introducing a levy that did not include all 27 EU countries.

The chances of a global tax are even less likely. The Group of 20 leaders nixed the idea at their meeting in November, despite pressure from their host, Sarkozy.

Prochaines étapes : 
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A farmer in Georgia benefits from EU aid. EuropeAid photo
Contexte : 

A financial transaction tax was originally proposed by Nobel laureate James Tobin, the US  economist who in the 1970s recommended the levy to dampen currency and market speculation seen as fuelling inflation and boom-bust cycles.

A global 'Tobin tax' gained momentum a decade ago, coinciding with a time when the EU, United States, Canada, Japan and other rich countries agreed to massive increases in aid to poor nations. The tax on financial trading was identified as one way to shift financing from rich northern nations to the poorer south.

The European Commission’s proposal calls for introducing a 0.01% tax on stock and bond trading and 0.001% on derivatives to raise money in times of fiscal austerity. Leading parties in the European Parliament back the concept, and Parliament voted in March 2011 by a margin of 529 to 127 in favour or a resolution backing such a tax. Nineteen MEPs abstained.

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