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tobin tax News

Schäuble Insists On Feasibility Of EU FTT

by Ulrika Lomas,, Brussels

Tuesday, September 17, 2013

German Finance Minister Wolfgang Schäuble has made clear that he still considers the introduction of a Financial Transactions Tax to be possible at international level, despite potential legal hurdles. Read Full Story


MPs Recommend Exploring FTT

by Amanda Banks,, London

Monday, July 29, 2013

A UK Parliamentary Committee has recommended that that the Government consider the "viability, benefits and risks" of a Financial Transaction Tax on High Frequency Trading, despite the Government's strong opposition to such a tax within the European Union. Read Full Story


France Seeks Improvements To FTT Proposal

by Ulrika Lomas,, Brussels

Thursday, July 18, 2013

French Finance Minister Pierre Moscovici has underlined the need to make significant improvements to the European Commission's financial transactions tax proposal, to ensure that the levy does not harm the future financing of the French economy or adversely affect the Paris financial center when implemented. Read Full Story


Financial Markets Association Slams EU FTT Plans

by Ulrika Lomas,, Brussels

Thursday, July 11, 2013

The Global Financial Markets Association has urged the eleven European countries preparing to implement a financial transactions tax to reconsider its planned scope before proceeding. Read Full Story


European Commission Could Delay FTT

by Ulrika Lomas,, Brussels

Thursday, June 27, 2013

The European Commission has said that its proposed financial transaction tax "could still enter into force towards the middle of 2014," hinting at a six month postponement from the original January, 2014 start date. Read Full Story


Austria, EU Stress FTT Urgency

by Ulrika Lomas,, Brussels

Tuesday, June 25, 2013

Following a recent meeting in Vienna with European Commission President José Manuel Barroso, Austrian Chancellor Werner Faymann renewed his calls for a Financial Transactions tax. Read Full Story


Hungary Confirms Tax Rise Plans

by Lorys Charalambous,, Cyprus

Friday, June 21, 2013

Hungary's Minister for National Economy, Mihály Varga, has confirmed several tax increases, including hikes on financial transactions. Read Full Story


City Fears Risk Over Financial Transaction Tax

By Amanda Banks,, London

Thursday, June 20, 2013

A survey of risk management executives in the UK shows that there is increased anxiety over regulation and taxes, in particular in relation to the Financial Transactions Tax. Read Full Story


Hong Kong Questions Application Of Italian FTT

by Mary Swire,, Hong Kong

Friday, June 7, 2013

In reply to a question in the Legislative Council, the Secretary for Financial Services and the Treasury, Professor K C Chan, confirmed that Hong Kong is attempting to clarify details with Italy of its financial transactions tax, and has communicated the views and concerns of Hong Kong's financial sector. Read Full Story


UK Chancellor Makes New Attack on EU FTT

By Amanda Banks,, London

Friday, June 7, 2013

UK Chancellor George Osborne has launched a new attack on a proposed Financial Transactions Tax within part of the European Union, describing it as "poorly designed, badly-timed, and, we believe, unlawfully extraterritorial," and calling for it to be "significantly scaled back." Read Full Story



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