EU Financial Transaction Tax Revealed - Wide Ranging "Tobin" Tax to Have Impact Well Beyond The FTT Zone

After a lengthy period of debate aimed at establishing cooperation between EU Member States for the purposes of creating a common system of financial transaction tax (FTT) (also known as the 'Tobin Tax' after the economist who initially proposed the tax), on 14 February 2013 the EU Commission finally published a draft Proposal for a Council Directive implementing the Financial Transaction Tax (the FTT Proposal).

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