Date: 5th October 2016
Author:
Type: In the news
EuroFinUse published today its press release in light of the European Commission's proposal on the European Financial Transaction Tax (FTT).
EuroFinUse supports the main objective of the FTT, “to ensure that financial institutions make a fair and substantial contribution to covering the costs of the recent crisis…and to ring-fence the real economy, SMEs, housholds etc.”
But EuroFinUse is very concerned that the latest European Commission proposal does not meet at all this objective, and that – once again – EU citizens are likely to bear the bulk of the FTT in lieu of financial institutions.
Please read EuroFinUse's requests here.