WHO Could Levy International Business Tax

May 19, 2016 International Tax Cooperation

Tax breaks for kidney donationsGENEVA – The World Health Organization could soon charge a global tax on international business transaction, in a new bid to raise funds to pay for greater medical access around the world.

As part of his announcement of candidacy to the post of Director-General of the World Health organization, Philippe Douste-Blazy, has suggested that a new global tax should be implemented to help raise funds to fight diseases and improve healthcare worldwide.

Philippe Douste-Blazy did not detail exactly how his proposed tax would work, but indicated that it would be in the form of a “micropayment” on a yet-to-be-determined international business transaction.

The funds raised from collection of the tax would be used by a new “innovative financing department” to provide backing for new projects for the WHO.

The new funds would also be used to support the implementation of a near universal access to healthcare across the world, especially impoverished nations, a new direction for the organization advocated by Philippe Douste-Blazy.

Photo By: Official U.S. Navy Page