Concept

Association for the Taxation of Financial Transactions and for Citizens' Action

The Association pour la Taxation des Transactions financières et pour l'Action Citoyenne (Association for the Taxation of financial Transactions and Citizen's Action, ATTAC) is an activist organisation originally created to promote the establishment of a tax on foreign exchange transactions. Originally called "Action for a Tobin Tax to Assist the Citizen", ATTAC was a single-issue movement demanding the introduction of the so-called Tobin tax on currency speculation. ATTAC has enlarged its scope to a wide range of issues related to globalisation, and monitoring the decisions of the World Trade Organization (WTO), the Organisation for Economic Co-operation and Development (OECD,) and the International Monetary Fund (IMF). ATTAC representatives attend the meetings of the G8 with the goal of influencing policymakers' decisions. Attac spokesmen recently criticised Germany for what it called the criminalisation of anti-G8 groups. At the founding, ATTAC had specific statutory objectives based on the promotion of the Tobin tax. For example, ATTAC Luxembourg specifies in article 1 of its statutes that it "aims to produce and communicate information, and to promote and carry out activities of all kinds for the recapture, by the citizens, of the power that the financial sector has on all aspects of political, economic, social and cultural life throughout the world. Such means include the taxation of transactions in foreign exchange markets (Tobin tax)." ATTAC refutes claims that it is an anti-globalisation movement, but it criticises the neoliberal ideology that it sees as dominating economic globalisation. It supports those globalisation policies that their representatives characterise as sustainable and socially just. One of ATTAC's slogans is "The World is not for sale", denouncing the "merchandisation" of society. Another slogan is "Another world is possible", pointing to an alternative globalisation in which people and not profit is in focus. Attac was founded to promote the Tobin tax by the Keynesian economist James Tobin.

Official source

https://en.wikipedia.org/wiki/Association_for_the_Taxation_of_Financial_Transactions_and_for_Citizens'_Action

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