Results for “Ubuntu tax”

The long read · Chapter 04

…per year. A tax on trading. We call it the Ubuntu Tax. Ubuntu is an African word. It means: I am because we are. The tax is small, and it falls on every trade in these markets. What it would raise. A…

The policy

…would raise $158 billion per day. We call it the Ubuntu Tax. Ubuntu is an African word. It means: I am because we are. The money would pay for truth, healing and repair, and for free food, housing,…

Reparative Justice · Part 2 · Truth, healing and repair

…banks, and other financial firms. The Ubuntu tax is a small incremental tax applied to all transactions across all exchanges and markets, building on existing financial transaction taxes operating in…

The Financial Transaction Tax · Part 1 · Why this tax is different

…truth, healing a repair. A global policy (the Ubuntu tax) for reparations from enslavement and colonialism. For emancipation and liberation. Raising the tax rate to weaken capitalism in order to…

Reparative Justice · Part 3 · Emancipation and liberation

…can only occur by abolishing capitalism. The Ubuntu tax will over time increase to target the source of wealth and power in order to help dismantle corrupt capitalism. Raising the Revolutionary…

Reparative Justice · Part 1 · What reparations mean

…truth, healing a repair. A global policy (the Ubuntu tax) for reparations from enslavement and colonialism. For emancipation and liberation. Raising the Ubuntu tax to weaken capitalism in order to…

The Financial Transaction Tax · Part 1 · Why this tax is different

…remain unless we force system change. Only the Ubuntu Restoration Tax targets capitalism at a systemic level for reparative justice and system change through the $16 trillion dollar day financial…

The long read · Chapter 05

…· Make it law. Build the pressure to make the Ubuntu Tax law. Start with at least the G7, a group of seven rich countries. Step four · Repair. Use the tax to end poverty and hunger. Free food,…

The argument

…going. A small tax on the financial markets, the Ubuntu Tax, can pay for repair. Raised over time, it takes wealth and power from the rich.

Reparative Justice · Part 8 · Empire and propaganda

…the system through non-violent means through the Ubuntu Restoration tax. Populations are subjected to propaganda with the purpose of creating fear in populations that gives rise to individualist,…

Reparative Justice · Part 10 · Climate and inequality

…settler colony, the US, and the target for the Ubuntu Restoration Tax. Exponentially rising inequality whether between rich and poor countries, or within countries between rich and poor people, can…

Donate

…with your friends and your group. Read about the Ubuntu Tax, and talk about it. Capitalism must pay for truth, healing and repair, but full reparative justice is the dismantling of capitalism and…

The Financial Transaction Tax · Part 3 · How the tax works

A small tax on every trade, built on taxes that already exist. Here is how it works, and where the idea comes from. Tax stamps made for the Stamp Act. Old taxes like this one charged a small amount on…

The Financial Transaction Tax · Part 3 · How the tax works

The basic principle of taxing the trading of assets traded between wealthy people is long established. Taxes on the trade of major assets, such as company stock and property, have been in place for…

Reparative Justice · Part 3 · Emancipation and liberation

Only then can everyone. have equal access to shelter, food, education, health and opportunities. be able to move freely across a borderless world. have full rights over our unracialised bodies and…

The Financial Transaction Tax · Part 5 · Making it law

The systems to collect the tax are already in place. The richest countries must pass the law, after a global campaign. The United Nations General Assembly in New York. A global tax needs laws in the…

The Financial Transaction Tax · Part 6 · Who is who in finance

…International corporate, legal, financial and tax advisors/auditors. E.g. Deloitte, Price Waterhouse Coopers, KPMG, Ernst & Young. E.g. Baker McKenzie, Skadder, Clifford Chance, Linklaters,…

The Financial Transaction Tax · Part 1 · Why this tax is different

…of the biggest money centres in the world. This tax goes after the power that sits here. Reformist policies such as wealth taxes or one-off reparations payments miseducate the public and help expand…

The Financial Transaction Tax · Part 1 · Why this tax is different

…people and corporations on the planet by taxing the trading done on the world’s major markets and ‘assets’ at a wholesale level, such as shares, derivatives, debt, gold and oil markets. This FTT is a…

Home

…across the G20, two in three people backed a tax on the wealth of the very rich. A small tax on trades in financial markets. A tax on extreme wealth. Closing the tax havens. Fair rules for countries…

Home

…fortunes and institutions that profited pay: a tax on extreme wealth and on financial trading, not on working people. Every repair paid so far has come from states, universities, churches and family…

Reparative Justice · Part 5 · Race, work and gender

…second. Their wealth does not meaningfully get taxed as they (who include those in government and senior civil service), will not tax themselves to the extent that would require them to work for a…

The Financial Transaction Tax · Part 2 · Finance and empire

…truth, heal and repair. In the longer term, the tax will ratchet up so as to interrupt and weaken financial flows, capitalism, and imperialist power, enabling systems change for justice, peace,…

The long read · Chapter 03

…is traded every day. Most of it is never taxed. Every day. $15.8 trillion is bought and sold in the world’s financial markets every day. Missing almost all of it. Most taxes on trading only cover…

Reparative Justice · Part 7 · Wealth, crisis and reform

…unfulfilling and unnecessary jobs whilst paying tax at a higher rate than the rich who avoid and evade tax through complex financial accounting processes.

The Financial Transaction Tax · Part 2 · Finance and empire

The financial markets grew up to pay for empires. Today they hold the value of what was stolen. The East Offering Its Riches to Britannia. The East India Company had this painted for the ceiling of…

The Financial Transaction Tax · Part 4 · The four markets

Currencies, bonds, shares and raw materials. Every day, huge sums change hands in these four markets. The New York Stock Exchange. Today most trades happen on computers, in a fraction of a second.…

The Financial Transaction Tax · Part 4 · The four markets

The guardians of capitalism. The average DAILY value of all global trades in 2021, during the height of Covid-19 was $15.8 trillion dollars.

The Financial Transaction Tax · Part 4 · The four markets

Capitalism cannot effectively sustain life on earth. It can only function through oppression, terror, plunder and crisis. The cost of living crisis, debt crisis, racist policing crisis, migrant deaths…

Achieving Change

…that enable the policy for the Ubunutu Tax to be introduced in at least the G7 countries. Step 4: Truth, healing and repair from the legacies of slavery and colonialism. First phase of reparative…

Achieving Change

Castro: A financial transaction tax will save the world. May the tax suggested by Nobel Prize Laureate James Tobin be imposed in a reasonable and effective way on the current speculative operations…

Home

…bankers. Now. Debts governed by English law; tax havens. disaster. Profit from disaster. Then. Famines while grain kept leaving. Now. Arms and energy shares rise as wars escalate.

Home

…Paid for their own freedom. 1833. British taxpayers. British slave-owners. Nothing. 1849. The French state. French slave-owners. Nothing. 1863. The Dutch state. Dutch slave-owners. Nothing, and in…

Questions people ask us

Some of it was, but the debt raised to pay the slave-owners was carried in the national debt until 2015. The money that flowed out is still flowing today, through debt, tax havens and supply chains.

Questions people ask us

…of our ancestors were poor. They paid as well: taxpayers carried the debt raised for the owners' compensation, and slavery money bought Highland estates that evicted thousands. This is about the few…

Questions people ask us

Not you. The fortunes and institutions that profited would. In a YouGov poll in Britain, three in four people backed taxing fortunes over £10 million.

Questions people ask us

It built railways in India, paid for with Indian taxpayers' money and with guaranteed returns for British investors. They were built to carry goods to the ports.

Questions people ask us

…hold: their laws, their courts and their tax havens.

The story

…is still traded, and make the case for a small tax on that trading to pay for repair.

The story · Caribbean

…1998 by Crédit Mutuel. Generations of Haitian taxes spent on a debt for freedom, and a ledger the New York Times rebuilt payment by payment in 2022. France has set up a history commission and offered…

The story · Caribbean

…in the national debt until 2015, so British taxpayers serviced it for generations, among them the descendants of enslaved people who later made their homes in Britain. The slave-owners and their…

The story · The Americas

…the value United Fruit had itself declared for tax. The company and the United States government said that was far too little. In 1954 a coup organised with the CIA removed Árbenz, and the land reform…

Reparative Justice · Part 10 · Climate and inequality

…energies fighting for “economic justice” or “tax justice” through reformist campaigns mislead civil society and by doing so, enable harm under capitalism to continue. They do not publicly state…

Achieving Change

…Our revolutionary financial transactions tax (FTT) is capable of bringing unprecedented social, political and economic change whilst focussing our movements into a force capable of global change.…