A Regional Tax on the Extraction Industry to Create a Sovereign Fund to Finance a Regional Basic Income Grant

Overview
  • INSTITUTE:
    UNU-CRIS
    PUBLISHER:
    Boekenplan
    SERIES:
    UNESCO-UNU Chair policy brief 1
    TITLE:
    A Regional Tax on the Extraction Industry to Create a Sovereign Fund to Finance a Regional Basic Income Grant
    AUTHORS:
    by Bob Deacon and Isobel Frye
    PUB DATE:
    2013•12•19
    COPYRIGHT YEAR:
    2012

    The argument of this policy brief develops from the facts that: (1) The case is now established internationally that forms of international taxation may be needed to help fund social development in low income countries; (2) The case is also established that migration pressures are making national states increasingly reluctant to meet the social needs of migrants; (3) The case is accepted at the UN level that a global social protection floor should be provided everywhere to meet the basis needs of all residents; (4) Precedents exist to use sovereign wealth funds financed out of mineral resources to meet social needs; (5) Building on this consensus the policy brief puts the case for a regional taxation (on the extraction industry) to fund a regional basic income grant as a form of a social protection floor that meets the needs of citizens and migrants.

    Publisher: UNESCO-UNU Chair

    More info: http://www.ucrm.org/fileadmin/chair/Policy_Brief_No._1.pdf