(23 March 2017) Together with a large group of national, European and global tax justice activists EPSU calls on the leaders of the countries supporting a financial transaction tax to reach agreement. The tax will curb financial speculation and raise much needed income to finance our future. On the occasion of celebrating 60 years of European Union, we ask these leaders to:
- Implement an ambitious FTT, which will raise at least €22 billion a year
- Reach agreement of the final FTT legislation by Summer 2017
- Allocate a significant proportion of forthcoming FTT revenue beyond protecting jobs and public services in Europe to help combat poverty, Pandemics and climate change in the wider world
To recall the countries involved in the so-called enhanced cooperation to develop a Financial Transaction Tax are Austria, Belgium, France, Germany, Greece, Italy, Portugal, Slovakia, Slovenia and Spain.