ECOFIN discusses Financial Transaction Tax

Jun 24, 2019

The Economic and Financial Affairs Council of the EU (ECOFIN) received an update from the ten Member States participating in the enhanced cooperation procedure, regarding the introduction of a financial transaction tax (FTT). The update discusses the introduction of a French modelled FTT and the possible mutualisation of the revenues received among the participating Member States, as a contribution to the EU budget.

The Member States participating in the enhanced cooperation procedure are Austria, Belgium, France, Germany, Greece, Italy, Portugal, Slovakia, Slovenia and Spain.