European Commission sets out detailed Tobin tax proposal


The European Commission today set out the detail of its proposal to implement a financial transaction tax (FTT) in 11 member states of the European Union, aiming for the new tax to come into effect from January 1, 2014.

Algirdas Šemeta, the Lithuanian commissioner responsible for taxation in the EU, describes the tax as "unquestionably fair and technically sound" – though his home country is one of 16 EU members, including the UK, the Netherlands and Poland, that have decided against bringing in

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:

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

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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: