Supporting documentation

Global Corporate Taxation And Resources for Quality Public Services

In the context of current economic crisis, unions have been asked to accept severe cutbacks and austerity measures on the basis that there is no…

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Support for the FTT from TUAC/ITUC in its response to APG Memorandum on the Impact of a European FTT, December 2011

"On 31st October 2011, APG, a leading European asset manager that provides services to Dutch pension funds (EUR285bn AUM), issued a Memorandum on the impact…

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Stop Corporate Tax Avoidance Schemes - support from EI Research Institute analysis

"Multinational Companies use their global reach to avoid their responsibility to contribute through fair and responsible taxation to national and community social needs.In March 2010,…

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EFA Global Monitoring Report: The hidden crisis: Armed conflict and education

"The United Nations was created to free the world from the scourge of warfare. It held outthe promise of a future lived in ‘freedom from…

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Civil Society Letter to Dr. Kim on FTT

Civil Society Letter to Dr. Kim on FTT EI co-signed a letter sent on 9 October to newly elected World Bank President Jim Yong Kim, along with 58 other organisations, urging the new…

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How can we fund quality public education?

 

Public authorities in democratic countries are responsible for ensuring that free education, accessible to all, is well-resourced and continuously updated and developed. By raising funds through progressive taxation, they can and must invest at least 6% of the state’s GDP in education. Sufficient investment should ensure that all education sectors - from early childhood education through to higher education and life-long learning – are developed in balanced way.

 

Governments often claims that there is not enough funding for quality public education; that taxation levels are too high, that investments should go to businesses to foster economic growth, that education should be funded more through private resources.

 

This is not true!

 

There is enough money to fund quality public education. Privatisation of public education is not a solution.

 

How taxation can help


Fair and responsible taxation of multi-national corporations could provide funds for national and community social needs. It is estimated that several trillion US dollars of tax revenues are lost to national budgets every year through tax avoidance schemes. This lost revenue could pay for the UN Millennium Development Goals (MDGs) and the budget requirements for social services in industrialised countries, including the growing costs associated with migration and global mobility.

 

In countries dealing with armed conflicts, finances are diverted from public education to military spending. Twenty-one developing countries, including Afghanistan, Angola, Yemen, Vietnam, Kyrgyzstan, D.R. Congo and Burundi, currently spend more on arms than on primary schools. If these countries were to cut military spending by 10%, they could put an additional 9.5 million children into school. Military spending is also diverting aid resources. It would take just six days of military spending by aid donors to close the US$16 billion Education For All (EFA) external financing gaps.

 

Last modified on Monday, 01 October 2012