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All rights reserved.. At U.N. MDG summit, ministers will propose world currency taxes to invest in development aid Several 60 nations, including France, Japan and Britain, will propose at the U.N. [summit on the Millennium Advancement Goals ] this month a taxes be introduced on worldwide currency transactions to improve funds for development help, on Wednesday ministers said, Reuters reports . Ministers estimate the proposed 0.005 % [tax] on currency transactions could raise just as much as $35 billion a year in advancement aid, relating to BusinessWeek . The global help gap is approximated at $340 billion a season between 2012-2017, including $156 billion for environment transformation in poor countries and $180 billion for general public development, Reuters proceeds .