Red Hot Chili Tax Action Day
On 22 June the Party of European Socialists (PES) joined a European Action Day for a « Red Hot Chilli Tax » organised by the Belgian Socialist Party (PS). The demonstration took place in the morning next to the European Parliament. The Action called for the implementation of a tax on speculation before the Member States' heads of state and governments gather in Brussels on 23-24 June. As with the red chilli, the tax on speculation is small but spicy, and a small quantity -- the PES asks for a tax rate of 0,05% - is enough to add real flavour to the economy. Such a tax would generate an income of 200 billion euro per year. In even more practical terms, this would mean the creation of 2 to 3 million new European jobs in one year.
Red hot Chili Tax operation
On 22 June the Party of European Socialists (PES) joined a European Action Day for a « Red Hot Chilli Tax » organised by the Belgian Socialist Party (PS). The demonstration took place in the morning next to the European Parliament. The Action called for the implementation of a tax on speculation before the Member States' heads of state and governments gather in Brussels on 23-24 June. As with the red chilli, the tax on speculation is small but spicy, and a small quantity -- the PES asks for a tax rate of 0,05% - is enough to add real flavour to the economy. Such a tax would generate an income of 200 billion euro per year. In even more practical terms, this would mean the creation of 2 to 3 million new European jobs in one year.