Wednesday, 24 October 2012

10 EU states to bring in financial transaction tax legislation

THE EUROPEAN COMMISSION has agreed to introduce the first step in bringing a financial transaction tax (FTT) to ten EU member states.
It has been estimated the tax could yield as much as €57 billion if introduced on a EU-wide basis – but concerns remain in Ireland that its introduction could undermine its competitiveness and see jobs transferred to the UK and other countries.
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