Financial Transaction Tax call grows and grows as nearly 400,000 e-mails sent to EU Commission
The Europeans for Financial Reform (EFFR) continue to build on the growing calls for a Financial Transaction Tax (FTT). This week saw nearly 400,000 e-mails sent in response to the European Commission’s consultation on tax in the financial sector.
This stunning success was backed up on 14th April, as the PES adopted a declaration that strengthens our position on an FTT. The declaration outlined 5 demands.
They included a commitment to go ahead on an FTT within the European Union; to enact EU legislation as soon as possible; to set a clear percentage (0.05%); to use any funds raised for a progressive agenda; and to particularly target 'socially useless' financial transactions.