Page "Tobin tax" Paragraph 6

At the UN September 2001 World Conference against Racism, when the issue of compensation for colonialism and slavery arose in the agenda, Fidel Castro, the President of Cuba, advocated the Tobin Tax to address that issue.

( According to Cliff Kincaid, Castro advocated it " specifically in order to generate U. S. financial reparations to the rest of the world ," however a closer reading of Castro's speech shows that he never did mention " the rest of the world " as being recipients of revenue.

) Castro cited Holocaust reparations as a previously established precedent for the concept of reparations.