Commission proposes a financial transaction tax for Europe
![](/commission_2010-2014/semeta/headlines/news/2011/imgs/semeta_20110110.png)
As announced by President Barroso before the European Parliament, today the Commission has adopted a proposal to set up a financial transaction tax in EU-27
Folowing today's adoption, Algirdas Šemeta, Commissioner for Taxation, Customs, Anti-fraud and Audit, said: "With this proposal the European Union becomes a forerunner in the global implementation of a financial transaction tax. Our project is sound and workable. I have no doubt this tax can deliver what EU citizens expect; a fair contribution from the financial sector. I am confident that our partners in the G20 will see their interest in following this path."
Press conference, Strasbourg press room Wed 28/09 at 13:30 available on EbS