Eleven countries of the European Union will continue alone along the road of the Tobin Tax, the tax on financial transactions. They will proceed with enhanced cooperation: the mechanism that allows a group of states to implement policies that are impossible for all 27 members to agree on. Germany, France, Italy, Portugal, Belgium, Slovenia, Austria, Greece, Estonia, Spain and Slovakia line up at the starting grid.
The Commission will present the proposal for a regulation in mid-November and the bet is on an agreement by the end of the year. We start from the proposal of the EU Commission already on the table: a tax of 0,1% on the exchange of shares and bonds, of 0,01% on derivative contracts.
