The European Tax on Financial Transactions: From principle to implementation

Believed to be 'technically possible, financially vital and morally unavoidable' by the President of the French Republic in November 2011, the project for a European tax on financial transactions came to fruition during the Economy-Finance Council on 22nd January 2013 with the launch of an enhanced cooperation agreement. The choice of this format highlights the lack of unanimity over the project drafted by the European Commission, without however challenging the principle of this levy. The means for the implementation of this new measure remain to be defined.

• Primary Source

ESO: Background information: Financial transaction tax tabled by European Commission http://www.europeansources.info/record/financial-transaction-tax-tabled-by-european-commission/

ESO: Background information: Eleven euro zone states back financial transaction tax http://www.europeansources.info/record/eleven-euro-zone-states-back-financial-transaction-tax/

ESO: Background information: France to push ahead with ‘Tobin tax’ proposal http://www.europeansources.info/record/france-to-push-ahead-with-tobin-tax-proposal/

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