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Financial Transaction Tax in the EU

Implementation of Financial Transaction Tax approved by EU Finance Ministers


Last Updated on Friday, 25 January 2013 02:12
Enhanced Cooperation on European FTT

Declaration by the ECOFIN Council of 9 October 2012:

The Council was informed of developments regarding the possible introduction of a financial

transaction tax (FTT), via enhanced cooperation, in a limited number of member states.

Enhanced Cooperation on FTT in EU

Extract from European Council Conclusions – 29 June 2012


Tax policy should contribute to fiscal consolidation and sustainable growth. Work and 
discussions should be carried forward on the Commission proposals on energy taxation, 
on the common consolidated corporate tax base and on the revision of the Savings Tax 
Directive. As noted at the Council on 22 June 2012, the proposal for a Financial 
Transaction Tax will not be adopted by the Council within a reasonable period. Several 
Member States therefore will launch a request for an enhanced cooperation in this area, 
with a view to its adoption by December 2012. The Commission is pursuing work on 
concrete ways to improve the fight against tax fraud and tax evasion and will soon 
present an Action Plan including options to that end. Rapid agreement must be reached 
on the negotiating directives for savings taxation agreements with third countries. 
Member States participating in the Euro Plus Pact will continue their structured 
discussions on tax policy issues, notably to ensure the exchanges of best practices. 


Last Updated on Friday, 29 June 2012 20:58
Enhanced cooperation in the EU for A FTT

Delighted to inform you that on Friday (22 June) the campaign made an enormous stride forward with 9 countries agreeing to proceed with the FTT: France, Germany, Austria, Belgium, Slovenia, Greece, Spain, Portugal and Italy. 

There has been a reasonable amount of coverage, but please read this to get a quick reprise: There is still a lot to do to make sure the countries actually implement, that other countries are brought on board and that funds don't just go from one lot of banks to bail out another lot of banks. I will keep you posted with more news as I get it but as many of you will appreciate who have followed this campaign over a number of years, we've come a long way!

Semeta: FTT is possible in 2012

If at the upcoming EU-ECOFIN Council meeting one government would ask for vote on the EU 27 version, the procedure for Enhanced Cooperation could be triggered.  

Last Updated on Saturday, 16 June 2012 15:02
Progress on FTT

German chancellor Merkel has spoken out in public for an FTT in the framework of Enhanced Cooperation. 

Also the German Liberal Party (FDP), which is in the government, has given up to insist on an FTT in the EU 27.

Last Updated on Thursday, 07 June 2012 01:38
A just transition now - no to the green economy

On 20-22 June 2012 NGOs, governments and businesses gather at the UN World Summit on Sustainable Development held in Rio de Janeiro. Simultaneously social movements from around the world organise an alternative meeting with focus on human rights and environmental justice on 15-23 June.

Last Updated on Saturday, 16 June 2012 15:05
World Health Assembly adopts the Rio Political Declaration on Social Determinants of Health


A resolution endorsing the Rio Political Declaration on Social Determinants of Health (the ’Rio Political Declaration’) was adopted by WHO Member States at the Sixty-fifth World Health Assembly (WHA) in Geneva, Switzerland.

Social determinants of health are the conditions, in which people are born, grow, live and work that affect their health.  These conditions are shaped by political, social and economic factors, such as income, literacy and education levels, housing and living conditions, employment and employment security, social exclusion, access to health care, and food safety, and diet.

Guy Rider new Director General of ILO

Guy Rider has been elected today, 28 May 2012, new director general of the International Labour Organization.

Guy Rider was executive director of ILO and has been General Secretary of the ITUC, the International Trade Union Confederation, from 2002 to 2010. He initiated and led the process of global reunification of the democratic international trade union movement. He also promoted very strongly a cooperation between trade unions and social movements at the World Social Forum.

Last Updated on Monday, 28 May 2012 19:27
G20 Ministers of Labour and Employment

Agreements reached at the Meeting of Ministers of Labour and Employment : to create quality employment ...


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