Tuesday September 22, 2020

European Parliament backs transaction tax

The European Parliament has officially backed the adoption of a financial transaction tax for Europe, even if some member states oppose it.

23rd May, 2012

The European Parliament has officially backed the adoption of a financial transaction tax for Europe, even if some member states oppose it.

In an opinion adopted today, the parliament said tax rates proposed by the Commission (0.1% for shares and bonds and 0.01% for derivatives) were suitable and pension funds should be the only sector exempted from the tax.

If it is not possible to establish the tax throughout the EU at the outset, enhanced cooperation should...

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