Breakthrough! 11 European countries unite behind a Financial Transaction Tax
Categories: Articles:Social Justice |
Published: 26/11/2012 |
Views: 1300
Things are moving fast in Europe. 11 countries have now written to the European Commission requesting to implement an FTT under the ‘Enhanced Cooperation Procedure’ (ECP). This passes the nine-country threshold needed to initiate the ECP, meaning this group of progressive countries can now move towards implementation. Austria, Belgium, Estonia, Germany, Greece, France, Italy, Portugal, Spain, Slovakia and Slovenia will introduce a broad-based FTT covering shares, bonds and derivatives next year which will raise an estimated €37 billion annually.
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