Commission criticised member states on blocking financial transaction tax

European Commissioner Algirdas Šemeta, responsible for Taxation and Customs Union, while speaking yesterday at the plenary of the European Parliament, accused openly some of the 11 member states which have initially agreed to introduce the Financial Transaction Tax, that they are dragging their feet, letting those lobbies which oppose the tax to actually block any […]

The EU Parliament endorses tax on financial transactions

The European Parliament yesterday gave its final go ahead for the introduction of the Financial Transaction Tax (FTT) to be applied in the 11 Eurozone member states, which had initially accepted this Commission proposal. The European Parliament has a consultative role on tax matters. Consequently now it’s up to the 11 participating countries in this […]

Financial Transaction Tax: More money for future bank bailouts?

The European Commission announced today the details of the implementation of the Financial Transaction Tax (FTT), under the procedure of the enhanced cooperation. It must be noted that such a procedure may be launched at the request of at least nine EU member states. Incidentally, the eleven member states actually wishing to introduce a financial […]