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Financial transaction tax via enhanced cooperation

10 European countries say yes

Recently 10 of the 17 governments of the Euro-zone reached agreement to introduce a financial transactions tax (FTT). However, the agreement was received with mixed feelings. Members of European and global civil society organizations deemed it as a needed step in the right direction, but insufficient, as they fear that the incomes would be used to redress the fiscal imbalances, not to deal with global poverty and climate change, John F. Dole reports.

 

On the other hand there are “experts” forecasting flights of capital to countries rejecting to impose the FTT, notably the United Kingdom. In the meantime, 58 relevant groups called on the president of the World Bank Jim Yong Kim to advocate for the tax at the global level ...


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Find in this article:

Based on the Commission's proposal
NGO voices
Open letter to Jim Kim
Lagarde: The financial sector must contribute more


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