- EuropeXXI Century
- 2012/10/30
The financial transaction tax proposal, widely known as the Tobin tax, has gained broad support since 11 member states had already submitted requests to the Commission for a proposal to introduce a financial transaction tax via enhanced cooperation (Belgium, Germany, Greece, France, Austria, Portugal and Slovenia).
This is a move to impose a tax on financial transactions in the hope of reducing risky, speculative trades and even creating a fund that could be used to help banks in trouble.Fuente
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