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FTT: The European proposal does not meet its objective - EU citizens are likely to pay instead of banks

Date: 7th March 2013
Author: BETTER FINANCE

EuroFinuse supports the main objective of the European Financial Transaction Tax (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.

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