11 EU Countries Sign On For Financial Transaction Tax

Law360, New York (October 9, 2012, 7:22 PM EDT) -- A European Commission proposal to slap a tax on all stock, bond and derivative trades has won the support of 11 European Union member states, a key step in moving forward with a limited version of the plan aimed at recovering the costs linked to bailing out European financial institutions.

Algirdas Semeta, the European commissioner of taxation, customs, audit and anti-fraud, said four EU member states — Italy, Spain, Estonia and Slovakia — had agreed to send in letters to the commission supporting the creation of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.