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Tag: financial transactions tax

Britain wary as EU Commission launches financial transaction tax - 15 February 2013 - News

The European Commission formally proposed a tax on financial trading in 11 countries yesterday (14 February), saying the levy could raise up to €35 billion each year and make banks more accountable following the 2008 banking crisis.

Eleven euro zone states back financial transaction tax - 10 October 2012 - News

Eleven eurozone countries agreed on Tuesday (9 October) to press ahead with a disputed tax on financial transactions aimed at making traders share the cost of fixing a crisis that has rocked the single currency area.

Germany spearheads 'Robin Hood' tax group of EU nations - 25 June 2012 - News

At least nine countries led by Germany are expected to ask the European Commission to draw up plans for a so-called "enhanced co-operation" on the financial transactions tax (FTT) following a meeting of EU finance minister in Luxembourg on Friday (22 June).

Danes table last compromise on EU finance tax - 21 June 2012 - News

A financial transactions tax “similar to a stamp duty” and temporarily excluding derivatives is the last attempt made by the Danish EU presidency to enlist Britain's support for the controversial plan. Failing this, a vanguard group of 10 member states led by France and Germany have already indicated they will move forward on their own.

Ministers to mull alternative to Tobin tax - 14 March 2012 - News

EU finance ministers meeting in Brussels yesterday (13 March) asked the Danish presidency to consider compromise alternatives to the financial transaction tax (FTT) after a number of countries voiced concerns about the proposal.

Germany seeks to flush out positions on financial tax - 13 March 2012 - News

Germany will today (13 March) seek to clarify the positions of other EU member states on the financial transaction tax (FTT) during the EU finance ministers meeting in Brussels, before assessing chances of moving towards an enhanced co-operation procedure to implement the tax.

Britain vows to resist 'bonkers' EU Tobin tax - 30 September 2011 - News

UK diplomats have broken away from traditional British reserve by saying they would oppose a "bonkers" European Commission proposal for a Financial Transactions Tax (FTT).

EU officials drop financial taxes from draft G20 wish-list - 19 October 2010 - News

A draft European Commission wish-list for the November G20 summit in Seoul no longer puts financial taxes on the agenda, according to an internal note seen by EurActiv, which will be discussed today (19 October) by the College of Commissioners.

Germany, France push for financial transactions tax - 12 July 2010 - News

Germany and France have appealed to the Belgian EU Presidency to discuss the introduction of a financial transactions tax in the EU at an informal meeting of finance ministers in Brussels, which kicks off today (12 July). 

Leitl: Taxes should not rely on real economy - 30 June 2010 - Interview

Austria has been working behind the scenes to get EU countries to sign up to unpopular taxes on banks. In an interview, Christoph Leitl, head of the country's Federal Economy Chamber, told EurActiv why Austria should introduce a tax on banks' transactions even if others do not. 

EU leaders put transactions tax back on G20 agenda - 18 June 2010 - News

Nicolas Sarkozy and Angela Merkel won EU support for a tax on financial transactions at a European summit yesterday (17 June), even though the idea has found little traction at global level.

IMF bank levy plans will not catch hedge funds, say critics - 22 April 2010 - News

A long-awaited International Monetary Fund (IMF) report written for the upcoming G20 talks endorsed a bank levy but cautioned against a transactions tax to fund future bailouts. Critics, however, argue that such a levy will push financial activity towards hedge funds, heightening systemic risk.

Brussels gets cold feet on financial transactions tax - 14 April 2010 - News

The idea of introducing a global financial transaction tax to combat speculation is losing momentum in the European Union ahead of a key G20 meeting in Washington. In an internal paper, the European Commission says a tax would be costly for business and government alike and would be ineffective in fighting speculators.

EU readies G20 proposal on bank and carbon levies - 01 April 2010 - News

The European Commission is expected to release a paper in the coming weeks on the kinds of bank and carbon taxes it will be supporting at the June meeting of G20 leaders in Canada.

IMF's Strauss-Kahn casts doubt on transaction tax - 18 March 2010 - News

A tax on financial transactions to help pay for bailouts of failed banks would be difficult to devise and easy to avoid, the International Monetary Fund's managing director said on Wednesday (17 March).

EU Parliament pushes for bank tax - 11 March 2010 - News

An overwhelming majority of MEPs yesterday (10 March) pushed the EU executive to weigh up the costs and benefits of a possible tax on financial trading to compensate taxpayers for bank bailouts and plug public deficits.

Banking tax will pay for deficits and aid, says Sachs - 10 March 2010 - News

The EU should impose a financial transactions tax (FTT) as soon as possible, with or without the US, economist Jeffrey Sachs told EurActiv in an interview. Faced with huge budget deficits and public anger, both the US and the EU will have to impose the tax soon, predicted the American economist.

Jeffrey Sachs: Banking tax to plug budget deficits - 10 March 2010 - Interview

Faced with huge budget deficits and public anger, both the US and the EU will have to impose a financial transactions tax soon, predicted economist Jeffrey Sachs in an interview with EurActiv.

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