At U.N . MDG summit, ministers shall propose world currency taxes to invest in development aid Several 60 nations, including France, Japan and Britain, will propose at the U.N. [summit on the Millennium Advancement Goals ] this month a taxes be introduced on worldwide currency transactions to improve funds for development help, on Wednesday ministers said, Reuters reports . Ministers estimate the proposed 0.005 % [tax] on currency transactions could raise just as much as $35 billion a year in advancement aid, relating to BusinessWeek . The global help gap is approximated at $340 billion a yr between 2012-2017, including $156 billion for weather switch in poor countries and $180 billion for general public development, Reuters proceeds .

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