EU commission plans new spin on financial tax

EUObserver reported that the European Commission will revise its impact assessment of its autumn 2011 proposed financial transactions tax (FTT), which included a worst-case scenario leading to job losses. The responsible commissioner said in February 2012 that original projections were 'misused' and the overall impact of the proposed new law would be positive.

ESO: Background information: Barroso backs transactions tax http://www.europeansources.info/record/barroso-backs-transactions-tax/

ESO: Background information: Spanish PM backs Sarkozy on Tobin tax http://www.europeansources.info/record/spanish-pm-backs-sarkozy-on-tobin-tax/

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