South Korea Uses Airline Tax to Raise Global Fund Contribution
November 22, 2013
"The Global Fund to Fight AIDS, Tuberculosis and Malaria announced Thursday that it had received a major boost from South Korea thanks to a levy on airline tickets," Agence France-Presse reports. "The Geneva-based body ... said South Korea was to double its contribution over the next three years," the news service writes, adding, "The ministry of health is to contribute $6 million to the Global Fund for 2014-2016, and the foreign ministry is to pay $10 million in five annual installments from 2013-2017, drawn from a levy on all passengers leaving South Korea on international flights." The news service notes, "South Korea's 1,000 won ($0.95) levy, known as the 'Global Poverty Eradication Tax,' was introduced in 2007, primarily to contribute financial resources to fight poverty and disease in impoverished countries" (11/21).View Full Article
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