UN SOCIAL SUMMIT PLUS 5 AND TOBIN TAX

Motion Text

That this House, noting that at the UN Social Summit Plus 5 held in Geneva, June 2000, the 160 government delegations present agreed unanimously to ask for a detailed investigation of the practicalities of a 'Tobin' tax on currency speculation so as to both reduce currency speculation and provide a potential source of UN funding, congratulates the non-governmental organisations, War on Want and ATTAC for their work among others to bring this to the attention of the world; and further congratulates the Government for supporting, through the UN Summit, this investigation.