Ahead of the annual summit of G-20 leaders and officials in Cannes, France, thousands of anti-globalization and anti-capitalism protesters have organized an alternative “people’s forum” in the nearby city of Nice.
The protesters include individuals as well as representatives from charities, trade unions and non-governmental organizations such Oxfam and Greenpeace. Their key demands include elimination of tax havens, regulation of the world’s financial system and imposition of taxes on financial transactions as an alternative source of development and climate finance, France 24 reports.
French President Nicolas Sarkozy, the host of this year’s summit, has previously voiced support for imposition of such tax, dubbed “Robinhood Tax.” Germany is also in favor of taxing financial transactions, according to The Star.
Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.