About: financial transactions tax (FTT) Archives
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A Europe of progress close to its people
Europe needs radical social reform, including a basic income, eurobonds and a financial transaction tax, argues Georges Dassis.
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France rows back on development aid cuts
After four consecutive years of cuts, France will stabilise its aid budget in 2016. This is a first step towards the €4 billion increase promised by president François Hollande. EURACTIV France reports.
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French plans to expand FTT may sink European negotiations
French MPs have voted to apply the Financial Transaction Tax to day trading, but the Ministry of Finance fears this will cause further delays to European negotiations. EURACTIV France reports.
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Climate finance: The Global North is failing on its $100 billion promise
A report by the OECD has found that efforts will need to be stepped up if developed countries plan to honour their promise of providing $100 billion per year to the Global South from 2020. Journal de l'Environnement reports.
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Hollande boosts COP21 climate finance efforts
The French leader has promised an extra €2 billion per year to finance the fight against climate change in the Global South. EURACTIV France reports.
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Capital Markets Union another obstacle for FTT
As the 11 countries considering the Financial Transaction Tax prepare to finalise the details its details at the next Ecofin Council, many aspects of the tax are still hazy. EURACTIV France reports.
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Ten tips for a successful Capital Markets Union
The European Union plan for a Capital Markets Union can help unlock the latent potential in financial markets. The banking industry is ready to support this proposal.
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FTT for climate change is a noble cause, but the wrong tool
François Hollande’s aim of supporting a climate deal at the COP21 in Paris this year is noble and right, but he has chosen the wrong tool to do it, writes Matti Leppälä.
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FTT launch agreed for 2016
EU states involved in the development of a Financial Transaction Tax have set a target launch date of 1 January 2016. Greece was the only participant not to sign the agreement. EURACTIV France reports.
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EU private and public banks unite against FTT
EXCLUSIVE / Four European banking federations are launching a counter-offensive on the financial transaction tax, after France and Austria tried to table a compromise for rolling out the tax in 2016.
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France and Austria table compromise for launching FTT in 2016
France and Austria sought on Thursday (22 January) to break deadlocked talks with nine other European countries for a financial transaction tax, by proposing that it be applied to cover a wide range of transactions, at low rates, starting next year.
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FTT negotiations fall short of 2015 target
Diplomats from 11 EU member states had hoped to come to an agreement on the future European tax on financial transactions by today, 9 December. But talks failed due to disagreements over how the tax should be collected. EURACTIV France reports.
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Don’t axe gender and environment laws, NGOs tell Timmermans
EXCLUSIVE: Twenty gender equality and environmental organisations, including trade unions and consumer groups, have called on the European Commission to ignore a hit list of proposals that business lobbyists want ditched by the new executive.
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Gender equality and environment laws on business lobby hit list
EXCLUSIVE: EU legislation to ensure gender equality on company boards, to extend maternity leave, and to reduce air pollution and landfill should be killed off, a leading business lobby organisation has told the European Commission.
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France tries to unblock European FTT negotiations
French Finance Minister Michel Sapin has urged his European counterparts to make derivatives play a very small part in the tax base for the Financial Transaction Tax. Sapin hopes this will unblock negotiations on the project, which has been at an impasse for 2 years. EURACTIV.fr reports.
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Diplomats seek FTT compromise as December deadline looms
European Union ambassadors are being urged to inject momentum into stalled plans for a tax on financial transactions as a December deadline looms, an EU document seen by Reuters shows.
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Banks as tax collectors? EBF-FBF Tax conference reviews FTT, CRS
The 2014 international tax conference of the European Banking Federation, held on Monday in Paris, has reviewed Sunday’s endorsement by G20 Finance Ministers of the Common Reporting Standard (CRS) that the Organisation for Economic Cooperation and Development (OECD) proposed as a model for a global Automatic Exchange of Information.
http://www.ebf-fbe.eu/wp-content/uploads/2014/09/EBF_010514-EBF-Tax-Conference-reviews-progress-on-Common-Reporting-Standards.pdf
The conference was an opportunity for the EBF to express its concerns about the CRS: its lack of proportionality, the crucial need for consistency across jurisdictions and for full EU-OECD alignment, the need for a proper examination of all legal and constitutional implications, notably in the field of data protection, and the need for the immediate creation of a review process. The CRS model will require financial institutions to automatically exchange detailed account information with tax authorities in their country.
In addition the conference discussed the impact of a possible tax on financial transactions, known as FTT. This tax threatens to introduce regulatory and tax uncertainty in the 11 EU Member States that are currently considering it and risks damaging economic growth in Europe as whole. -
UK, Sweden criticise financial tax as EU countries push for it
11 Eurozone countries pushed on Tuesday for a controversial tax on financial trading, also know as the Robin Hood Tax.
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UK, Sweden attack FTT statement by euro nations
The United Kingdom and Sweden attacked the bloc of EU nations pressing ahead with a Financial Transaction Tax (FTT) after the group announced plans for the levy at Tuesday’s (6 May) meeting of European finance ministers in Brussels.
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UK legal challenge rebuffed as euro nations prepare FTT statement
The European Court of Justice Wednesday (30 April) threw out the United Kingdom’s controversial legal challenge against the bloc of euro area nations pressing ahead with a Financial Transaction Tax.
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EU court seen rejecting UK challenge to transaction tax
Britain may lose its challenge to stop plans by 11 euro zone countries to tax financial transactions when the European Union's top court rules next week, lawyers said on Thursday (24 April).
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Germany and France move closer to deal on diluted transaction tax
Ambitious proposals for a pan-European financial transaction tax look almost certain to be scaled back after Germany's finance minister acknowledged that the levy could be phased in slowly, starting with share trades.
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Fresh FTT cash needed for development, climate policies: French minister
Europe's planned financial transaction tax (FTT) would be the best solution to address cash shortages for global development and climate policies, the French deputy minister for development told EURACTIV France in an interview.
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Council, Commission lawyers in Mexican stand-off on FTT
European Commission lawyers have hit back at their counterparts representing the EU member states in the Council in an ongoing public spat over the legality of the financial transaction tax (FTT).