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Commission proposes a financial transaction tax for Europe

28.09.2011 - 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 Ĺ emeta, 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

Technical briefing off the record, Brussels Berlaymont press room Wed 28/09 at 14:30

Press conference available on EbS

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