Search

Saved articles

You have not yet added any article to your bookmarks!

Newsletter image

Subscribe to the Newsletter

Join 10k+ people to get notified about new posts, news and tips.

Do not worry we don't spam!

Activists Demand Debt Relief Tax on Rich at UN Finance Meet

Activists Demand Debt Relief Tax on Rich at UN Finance Meet

Post by : Meena Ariff

Photo: Reuters

Thousands of activists marched under the scorching sun in Seville, southern Spain, on Sunday. The protest called for debt cancellation for poorer countries, climate justice, and higher taxes on the world’s richest people. The demonstration took place a day before the United Nations summit on financing development began.

The UN meeting, which runs for four days, happens only once every ten years. It aims to create a strong global plan to tackle poverty, disease, and climate change. However, hopes for major progress have dimmed. The United States has decided not to participate in the summit, and many wealthy nations have shown less willingness to increase foreign aid.

During the protest, Greenpeace activists carried a striking float showing billionaire Elon Musk as a baby holding a chainsaw while sitting on top of the Earth. Protesters carried banners with slogans such as “Make Human Rights Great Again”, “Tax justice now”, and “Make polluters pay”.

Beauty Narteh, a leader from Ghana’s Anti-Corruption Coalition, said her group was demanding a fair tax system. She added that people want dignity and fair opportunities, not just handouts. Sokhna Ndiaye from the Africa Development Interchange Network urged both public and private sectors to act with less selfishness and show greater solidarity with developing countries.

Earlier on Sunday, Spanish Prime Minister Pedro Sanchez spoke at an event organized by Global Citizen. He said that holding this summit during times of global conflict is itself a sign of hope. Sanchez confirmed Spain’s commitment to spend 0.7 percent of its GDP on development aid. He also urged other nations to match this target to help poorer countries.

Jason Braganza, executive director of AFRODAD, a pan-African advocacy group, criticized the United States, European Union, and Britain for blocking efforts to organize a UN convention on sovereign debt. He said it was shameful that these countries prioritized their own interests and those of creditors over saving lives in poorer regions.

The summit is expected to discuss debt relief, fairer global tax policies, and funding to tackle climate change. However, many campaigners remain doubtful about strong decisions emerging from the talks.

June 30, 2025 1:01 p.m. 465

Most Americans Say Trump Profited Improperly, Poll Finds
Aug. 19, 2026 3:58 p.m.
A Reuters/Ipsos poll finds 63% of Americans call Trump crypto profits inappropriate, while 69% say business interests influence his decisions
Read More
BKE Accident: SBS Transit Bus Driver Among Three Hurt
Aug. 19, 2026 3:38 p.m.
Three people, including an SBS Transit bus driver, were taken to hospital after a multi-vehicle crash on the BKE in Singapore on Aug 19
Read More
RM1.74m Jewellery Stolen in Genting Highlands Heist
Aug. 19, 2026 3:30 p.m.
Three armed men robbed a goldsmith at SkyAvenue, Genting Highlands, stealing 81 jewellery pieces worth RM1.74 million before fleeing in a BMW
Read More
Pakistan SC Orders Imran Khan’s Transfer to Private Hospital
Aug. 19, 2026 3:18 p.m.
Pakistan’s Supreme Court has ordered Imran Khan’s transfer from jail to a private Islamabad hospital, citing concerns over his health and safety
Read More
Philippines School Shooting Leaves Student and Gunman Dead
Aug. 19, 2026 3:08 p.m.
A student shot and killed a classmate at a school in Zamboanga, Philippines, before taking his own life. Two others were injured in the attack
Read More
LandSpace Successfully Lands Zhuque-3 Rocket Booster in China
Aug. 19, 2026 1:14 p.m.
LandSpace successfully lands its Zhuque-3 booster, marking a major step for China’s reusable rocket technology and commercial space industry
Read More
Kuwait Customs Thwart Gold Smuggling Attempts by Two Indian Travelers
Aug. 19, 2026 12:50 p.m.
Kuwait Customs intercepted two Indian flyers to Ahmedabad, seizing 855g of 24-karat gold hidden in their accessories.
Read More
July Cargo Volume at Port of Los Angeles Hits Second-Highest Record
Aug. 19, 2026 11:38 a.m.
The Port of Los Angeles recorded 960,464 TEUs in July, driven by strong imports and rising consumer demand.
Read More
South Korea-US Drills Cut to Five Days Amid North Korea Tensions
Aug. 19, 2026 11:23 a.m.
South Korea and the US have cut joint military drills from 11 days to five, reducing field training after Trump ordered a major US participation cut
Read More