‘Tax on financial transactions: it’s (almost) ready’

24th January 2013, Comments 3 comments

European finance ministers gave their approval for the launch of a "Tobin tax" by 11 of Europe’s member states.


 ‘Tax on financial transactions: it’s (almost) ready’
La Tribune

On January 22, European finance ministers gave their approval for the launch of a "Tobin tax" by 11 of Europe’s member states, including Germany, France and Italy. The United Kingdom and Luxembourg will notably not be taking part.

Following the approval granted by the European Commission in October and the European Parliament’s endorsement in November, the decision is the ultimate green light for EU states to establish the measure. However, the precise details of the tax have yet to be determined.


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Reprinted with permission of Presseurop.

 Presseurop

3 Comments To This Article

  • Alan posted:

    on 1st February 2013, 18:57:50 - Reply

    It's a bit rich for the UK Gov to bitch about Amazon, Starbucks etc for tax avoidance when The UK opted out of the Tobin transfer tax system.
  • Jaap de Jong posted:

    on 24th January 2013, 21:50:19 - Reply

    Great news for England, they are going to hoover up yet more business, but to be fair London is where its at not these mickey-mouse exchanges such as the AEX.
  • Charlie Avit posted:

    on 24th January 2013, 13:08:50 - Reply

    Good initiative - its going to mean more transactions going through London. Good old EU and their crazy ideas, but this is a good one for England GREAT BRITAIN.