Posted on 06/01/2013 4:27:57 AM PDT by Olog-hai
EU tax commissioner Algirdas Semeta has cast doubt on reports that his Financial Transactions Tax (FTT), also known as the Tobin Tax, is being unraveled by member states.
The Reuters news agency and the Wall Street Journal this week cited “senior EU officials” as saying some of the 11 countries set to take part are having second thoughts.
Semeta’s original proposal envisaged a 0.1 percent tax on share and bond trades and a 0.01 percent levy on derivatives trading from 1 January, designed to take €35 billion ($45 billion) out of the pockets of banks and traders into national treasuries.
Some countries now want to have a tax on share trading only, the Wall Street Journal said. …
(Excerpt) Read more at euobserver.com ...
But for his part, Semeta told EUobserver on Friday (31 May) it is only natural that member states’ officials aired gripes at the last FTT meeting on 22 May because it was just the second of its kind on what is a “complex law”
These EU commissars do love to run the Proletariat
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