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Europe Live Thursday 23rd May 2013

The financial transactions tax supported by the European Parliament

29th May 2012

On 23rd May, MEPs approved a resolution on the proposal to implement a tax on financial transactions. Whereas the European Parliament has been proposing this tax for the past two years, the Commission put forward legislation at the end of 2011. According to Eurobarometer, 66% of Europeans are in favour of this tax. European Parliament Reporter Anni Podimata states that the tax "is an integral part of exiting the crisis". The long term aim is to use a wider field of application to combat tax evasion.

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