Chirac proposes international tax to fight AIDS
Key points
- French President Jacques Chirac on Wednesday proposed the creation of an international tax to help fight AIDS, saying such a measure could raise $10 billion each year.
- "I propose today moving forward through the creation, in an experimental way, of a levy to finance the fight against AIDS," Chirac told the World Economic Forum in Davos in a speech delivered by video link-up.
- Chirac said there were several options for such a tax.
- "It would allow us to mobilise $10 billion a year," Chirac said.
French President Jacques Chirac on Wednesday proposed the creation of an international tax to help fight AIDS, saying such a measure could raise $10 billion each year.
"I propose today moving forward through the creation, in an experimental way, of a levy to finance the fight against AIDS," Chirac told the World Economic Forum in Davos in a speech delivered by video link-up.
Chirac said there were several options for such a tax. He said it could be imposed on international financial transactions but said it should not hamper the normal functioning of the markets.
"It would allow us to mobilise $10 billion a year," Chirac said.
Chirac said such an international tax could also be raised on fuel used in air and sea travel or on airline tickets.
Written and revised by
Gerald Hurowitz, M.D.
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