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Financial Transaction Tax: Only three of 27 EU Member States are clearly in favour
The European Commissions proposal for an EU wide tax on financial transactions (FTT) has generated much public and political discussion since it was published on September 28, 2011. President Sarkozy announced proposals for a French FTT to be introduced in July 2012, and the issue has been high on the agenda of many EU Member States governments, leading to a British veto of recent proposals for fundamental EU reforms addressing the ongoing economic crisis.
Notwithstanding the potential economic benefits cited by the Commission, there has been significant criticism of the proposal, in particular as to whether it would in fact achieve its economic...
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