EU institutions at war on ‘illegal’ finance tax

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Series Details 10.09.13
Publication Date 10/09/2013
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EUObserver and other news sources reported on the disagreement between legal opinion at the European Commission and the Council of the European Union in September 2013 on the legality of the proposed financial transactions tax (FTT) for 11 EU countries.

According to a report by the Commission's legal team that EUObserver gained access to, the EU's financial transactions tax is legal and would not discriminate against countries outside its remit. It then rubbished claims by governments that the financial transactions tax could break international law.

The French deputy minister for development told EurActiv France in an interview that Europe's planned financial transaction tax (FTT) would be the best solution to address cash shortages for global development and climate policies.

Source Link Link to Main Source http://euobserver.com/economic/121377
Related Links
ESO: Background information: Reports of Tobin Tax death exaggerated, EU says http://www.europeansources.info/record/reports-of-tobin-tax-death-exaggerated-eu-says/
BBC News, 10.09.13: EU financial transaction tax illegal, say lawyers http://www.bbc.co.uk/news/business-24030575
EurActiv, 11.09.13: EU institutions in legal spat over financial transaction tax http://www.euractiv.com/euro-finance/institutions-legal-spat-financia-news-530364
EUObserver, 14.09.13: EU commission not giving up on finance tax http://euobserver.com/economic/121437
EurActiv, 05.12.13: Council, Commission lawyers in Mexican stand-off on FTT http://www.euractiv.com/euro-finance/council-commission-lawyers-mexic-news-532143
EUObserver, 06.12.13: EU financial tax is legal, commission lawyers say http://euobserver.com/news/122367
Spiegel Online International, 16.12.13: Complaint to EU: German Banks Try to Torpedo Transaction Taxes http://www.spiegel.de/international/europe/german-banks-complain-about-french-and-italian-transactions-tax-a-939345.html
EurActiv, 18.12.13: Fresh FTT cash needed for development, climate policies: French minister http://www.euractiv.com/development-policy/french-minister-calls-european-f-news-532402

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