
France, Spain, others agree to tax premium flyers, private jets
SEVILLE : A group of countries including France, Kenya, Spain and Barbados pledged on Monday to tax premium-class flying and private jets in a bid to raise funds for climate action and sustainable development.
As many richer nations scale back official development aid for countries even as extreme weather events increase in frequency and severity, some are looking to find new sources of finance, including by taxing polluting industries.
The announcement on the opening day of a UN development summit in Seville, Spain, was one of the first to emerge from the 'Sevilla Platform for Action' that aims to deliver on the renewed global financing framework agreed upon ahead of the event.
'The aim is to help improve green taxation and foster international solidarity by promoting more progressive and harmonised tax systems,' the office of Spanish Prime Minister Pedro Sanchez said in a statement.
The initiative, which was co-signed by Sierra Leone, Benin and Somalia, will get technical support from the European Commission, it added.
All are members of the Global Solidarity Levies Task Force, launched in November 2023 to explore new forms of taxation that could help support developing countries' efforts to decarbonise and protect themselves against the impacts of climate change.
As well as an aviation tax, which could raise billions of dollars, the task force said in a recent report that other sectors that could potentially be taxed more include shipping, oil and gas, cryptocurrencies and the super-rich.
Rebecca Newsom of the environmentalist group Greenpeace called the move 'an important step towards ensuring that the binge users of this undertaxed sector are made to pay their fair share'.
She added that the 'obvious' next step was to hold oil and gas corporations to account.
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The Star
2 days ago
- The Star
Blistering heat, empty chairs and the C-word mar UN's flagship development event
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I would say realistic, but also a sense of unity and of pragmatism," said AlvaroLario, president of the International Fund of Agricultural Development, adding the question on everyone's mind this week was how to do more with less. "How can we come together, or think out of the box, or create new type of ways of really stretching it more?" The Financing For Development meeting is a flagship UN conference, charting the trajectory to help tackle changes the world must make to tax policies, aid spending or key areas such as debt, health and education. Its outcomes guide global aid funding and UN policies for the decade to come. EMPTY CHAIRS, MISSING LEADERS Few disagree over the need for action; hundred-year floods and storms are happening with alarming regularity, and rising debt-servicing costs are siphoning money away from health, education and infrastructure spending in the developing world. 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Event leaders were relieved to produce an outcome document - despite gnawing fears in the past months that Washington would torpedo any deal. In the end, U.S. officials backed out altogether. "The entire community was very afraid of coming herebecause one country wasn't attending," said UN Assistant Secretary General Marcos Neto. "But the document ended up working out ... I'm leaving happy, with more optimism than I thought I would leave with." Neto highlighted significant steps toward implementing climate and development goals, including the Seville Platform and multiple agreements from public and private sectors to leverage funds for the biggest possible impact. The Seville Commitment included tripling multilateral lending capacity, debt relief, a push to boost tax-to-GDP ratios to at least 15%, and get more rich countries to let the IMF use "special drawing rights" money for countries that need it most. But in Seville, only host nation Spain signed on to commit 50% of its "Special Drawing Rights" for the purpose. THE C-WORD UN Deputy Secretary-General Amina J. Mohammed acknowledged that the attendance was not as star-studded as hoped, and that public funds are under pressure. "But there's innovative financing, there's the private sector, there's the triple lending of MDBs ... so the resources are there," she said. "We just have to have the political will to leverage through these mechanisms that have come out of the platform of action and continue moving with them." U.S. President Donald Trump, despite his country's absence, loomed large over the event; his climate change scepticism, hostility toward diversity initiatives and pledge to review U.S. participation in multilateral organizations made some keen to strip the "c-word" - climate change - and rebrand initiatives as focused on resilience, education or health. Still, some say the gloomy backdrop should not deter leaders focused on progress. "Ultimately the important thing is doing it," said Jose Vinals, former group chairman of Standard Chartered and co-chair of both the FFD4 Business Steering Committee and the Global Investors for Sustainable Development Alliance. "The private sector is, for the most part, still willing to walk the talk." (Reporting by David Latona in Seville; Additional reporting by Karin Strohecker, Simon Jessop and Marc Jones in London; Writing by Libby George; Editing by Daniel Wallis)


Free Malaysia Today
5 days ago
- Free Malaysia Today
France, Spain, others agree to tax premium flyers, private jets
The initiative gains backing from France, Kenya, Spain, Barbados, Sierra Leone, Benin and Somalia. (AP pic) SEVILLE : A group of countries including France, Kenya, Spain and Barbados pledged on Monday to tax premium-class flying and private jets in a bid to raise funds for climate action and sustainable development. As many richer nations scale back official development aid for countries even as extreme weather events increase in frequency and severity, some are looking to find new sources of finance, including by taxing polluting industries. The announcement on the opening day of a UN development summit in Seville, Spain, was one of the first to emerge from the 'Sevilla Platform for Action' that aims to deliver on the renewed global financing framework agreed upon ahead of the event. 'The aim is to help improve green taxation and foster international solidarity by promoting more progressive and harmonised tax systems,' the office of Spanish Prime Minister Pedro Sanchez said in a statement. The initiative, which was co-signed by Sierra Leone, Benin and Somalia, will get technical support from the European Commission, it added. All are members of the Global Solidarity Levies Task Force, launched in November 2023 to explore new forms of taxation that could help support developing countries' efforts to decarbonise and protect themselves against the impacts of climate change. As well as an aviation tax, which could raise billions of dollars, the task force said in a recent report that other sectors that could potentially be taxed more include shipping, oil and gas, cryptocurrencies and the super-rich. Rebecca Newsom of the environmentalist group Greenpeace called the move 'an important step towards ensuring that the binge users of this undertaxed sector are made to pay their fair share'. She added that the 'obvious' next step was to hold oil and gas corporations to account.


Malay Mail
6 days ago
- Malay Mail
UN chief slams US-led aid retreat as poverty, hunger, debt spiral in Global South
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