Udenrigsudvalget 2010-11 (1. samling)
URU Alm.del Bilag 69
Offentligt
TheDanish Institute for International Studies (DIIS), IBIS, Concord Danmarkand92-Gruppenhas the pleasure of inviting you to a Global Economy Monday Seminar on:
Financial Transaction TaxTuesday, 18 January 2011, 13.00-16.00Danish Institute for International StudiesMain AuditoriumStrandgade 71, ground floor, 1401 Copenhagen KBackground“Finance has been globalized. Why shouldn’t we demand that finance contribute to stabilizing theworld through a minuscule tax on each financial transaction?”-Nicolas SarkozyIn 1936, in the context of the Great Depression, John Maynard Keynes proposed implementing asmall transaction tax which would serve to dampen excessive risk taking by speculators and thusdecrease market volatility. Today, in the aftermath of the financial crisis, the idea of a FinancialTransaction Tax (FTT) has been revived as one possible way to hinder future crisis.A FTT is a tax on specific bank transactions, rather than a tax on banks profits or wages.Theoretically, such a tax would lesson speculative financial transfers by increasing its costs. Even asmall FTT could raise significant revenues. Estimates suggest that a globally implemented tax of0.05 pct. could raise 700 billion US dollars per year, which is approximately six times totalinternational aid.There has been much international debate in the wake of the global financial crisis about thetechnical viability and political desirability of an FTT. France, the country presiding over the G20in 2011, will likely propose the creation of an FTT, arguing that it will protect tax payers frombearing the burden of bank failures. While the UK and Germany have expressed support, othermajor powers (including the US) remain reluctant.A key issue in further deliberations on the FTT will be the question ofhowone might go aboutimplementing an FTT globally, technically as well as politically. We have asked two leadinginternational experts – Stephan Schulmeister and Max Lawson – to present their analysis of thesecrucial issues.This special Global Economy Seminar is arranged in collaboration withIBIS, Concord Danmarkand92-Gruppen.SpeakersStephan Schulmeister,Economist, WIFO, AustriaMax Lawson,Senior Policy Advisor, Oxfam, UKLars Koch,Senior Policy Advisor, IBISJakob Vestergaard,Senior Researcher, DIIS
ProgrammeMore details about the seminar are available on ourwebsite.
Practical InformationThe seminar will be held inEnglish.Participation isfree of charge,butregistration is required.Please use ouronline registration formno later thanMonday, 17 January 2011 at 12.00 noon.Please await confirmation by e-mail from DIIS for participation.Sincerely,Danish Institute for International Studies (DIIS)The Conference SectionStrandgade 56DK-1401 Copenhagen KDenmarkPh. (+45) 32 69 87 51Fax (+45) 32 69 87 00E-mail:[email protected]Web:www.diis.dkFeel free to forward this invitation to others with a potential interest in the seminar.For other public DIIS meetings, please visit our website onwww.diis.dk.If you did not receive this invitation directly from DIIS and wish to receive invitations to futureevents at DIIS, please use the following link:www.diis.dk/sw7899.aspIf you no longer wish to receive invitations directly from DIIS, please send an e-mail about this to[email protected](and please remember to state your name and organisation).Please note that DIIS is not responsible for invitations forwarded to you by others.
