Europe: Commission publishes financial transaction tax proposal

The European Commission today published its proposal for a Directive introducing a common framework for a tax on financial transactions in the 27 Member States: see here (pdf). According to the Commission, ten Member States already have a form of financial transaction tax in place. The Directive would introduce minimum tax rates and harmonise the taxation of financial transactions. For further information see: press release | FAQs | citizens' summary (pdf) | impact assessment (zip file containing 19 pdfs) | summary of the impact assessment (pdf) |