EU Should Tax the Financial Sector
Algirdas Semeta, EU Commission (in French) | September 30, 2011
In a time of economic turmoil, the European public finances are under threat and it is time for the financial sector to contribute its fair share. ++ Introducing an EU tax on financial transactions is the key to solving the current deficit crisis. ++ An EU-wide financial transaction tax would generate much-needed revenue for the EU budget and discourage the financial sector from conducting risky transactions. ++ Europe should serve as an example and call for the implementation of a global tax on financial transactions among its G20 partners.
