EU Official Makes Final Push On Financial Transaction Tax

Law360, New York (February 5, 2014, 4:37 PM EST) -- A financial transaction tax would help the European Union develop fairness, responsibility and a stronger single market, a European Commission leader told the European Parliament on Tuesday.

Algirdas Semeta, European commissioner for taxations and customs union, said that the parliament has been a strong supporter of the tax, but special interests have made several nations change their stance.

“Today's debate is essential because the FTT is at risk,” Semeta told the assembly. “We all know that the broad-based FTT has a lot of supporters; this is...
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