A financial transaction tax for 11 EU countries

04-12-2012

In the wake of the financial crisis, the idea of taxing financial transactions was revived. But it has not gained overwhelming support at either global or EU level so far. Therefore, 11 euro area countries have decided to move ahead on their own through enhanced cooperation. Opinions on the possible impact differ.

In the wake of the financial crisis, the idea of taxing financial transactions was revived. But it has not gained overwhelming support at either global or EU level so far. Therefore, 11 euro area countries have decided to move ahead on their own through enhanced cooperation. Opinions on the possible impact differ.