House of Lords committee slams Europe’s proposed Tobin tax

The European Union Committee of the UK House of Lords slammed proposals by the European Commission (EC) to introduce a financial transaction tax (FTT) to the European Union.

In its report, Towards A Financial Transaction Tax?, released on March 30, the committee said it had found the FTT model as "wanting" and likely to result in lowering of GDP in the European Union. "We have found the commission's proposed model wanting in many respects, and unlikely to fulfil the objectives that the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: