Commission’s idea to proceed with the Financial Transaction Tax

About a year ago, in September 2011, the European Commission tabled a proposal for a Directive on a financial transaction tax, FTT. The essence of this proposal was that a low-rate, wide-base tax would be applied on all financial transactions with any economic link to the EU. The estimated revenue yield was €57 billion. Commission provided answers to common questions about FTT. ... Read more...