{"id":17696,"date":"2012-10-09T16:22:04","date_gmt":"2012-10-09T15:22:04","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=17696"},"modified":"2012-10-09T16:22:04","modified_gmt":"2012-10-09T15:22:04","slug":"its-green-light-for-a-european-robin-hood-tax","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/10\/09\/its-green-light-for-a-european-robin-hood-tax\/","title":{"rendered":"It’s Green Light for a European Robin Hood Tax"},"content":{"rendered":"

I've just had an email saying this:<\/p>\n

At today\u2019s \u00a0ECOFIN Meeting \u00a0(9 October) , 11 \u00a0governments have \u00a0agreed to implement a financial transaction tax \u2014 that\u2019s two more than the 9 minimum that were needed to kick off the enhanced cooperation procedure.<\/em><\/p>\n

The 11 pro FTT \u00a0are \u00a0France, Italy, Spain, Germany , Austria, Belgium, Estonia, Greece,\u00a0Portugal, Slovakia and Slovenia<\/strong>.<\/em><\/p>\n

Others might join in (Finland for instance was supportive before summer).<\/em><\/p>\n

EU council press release @\u00a0http:\/\/www.consilium.europa.eu\/uedocs\/cms_data\/docs\/pressdata\/en\/ecofin\/132771.pdf<\/a><\/em><\/p>\n

The next steps are<\/em><\/p>\n

    \n
  1. European Commission submits a FTT \u00a0proposal likely to be based on the \u00a0existing proposal of 0.1% on stock and bonds and 0.01% on derivatives<\/em><\/li>\n
  2. EU parliament \u00a0gives its assent \u00a0(EP has already expressed its support its support for an EU FTT twice)<\/em><\/li>\n
  3. European Council\u2019s qualified majority vote to go ahead with the enhanced procedure<\/em><\/li>\n<\/ol>\n

    Timetable is uncertain, perhaps \u00a0the above can be done by the end of the year, no doubt there will be remaining fights over the design of the tax and allocation of the revenues but the agreement shows political will which \u00a0is what we needed.<\/em><\/p>\n

    EU tax Commissioner\u00a0\u00c5\u0161emeta\u00a0<\/strong>said\u00a0<\/em><\/p>\n

    \"Today we have received a clear \u2014 and very welcome - signal that there will be enough member states on board for an EU Financial Transactions Tax,\" \u2026 \"I proposed this tax as a source of new revenue from an under-taxed sector, and a means of encouraging more responsible trading. It would also prevent a patchwork of national bank taxes from creating difficulties for businesses in the Single Market,\"\u00a0he added.<\/em><\/p>\n

    This is a big success for all FTT campaigners \u00a0and an encouragement to others to \u00a0join in.<\/em><\/p>\n

    \u00a0Good news!<\/div>\n

     <\/p>\n","protected":false},"excerpt":{"rendered":"

    I’ve just had an email saying this: At today\u2019s \u00a0ECOFIN Meeting \u00a0(9 October) , 11 \u00a0governments have \u00a0agreed to implement a financial transaction tax \u2014
     Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121],"tags":[],"class_list":["post-17696","post","type-post","status-publish","format-standard","hentry","category-transaction-taxes"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/17696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=17696"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/17696\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=17696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=17696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=17696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}