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Europe Daily Bulletin No. 10398

16 June 2011
Contents Publication in full By article 14 / 39
GENERAL NEWS / (ae) eu/taxation
Report into pros and cons of FTT

Brussels, 14/06/2011 (Agence Europe) - A financial transaction tax (FTT) would be a good idea, as it would allow the EU substantial revenue while forcing the financial sector to contribute to covering the economic and social costs of the crisis. It would come at the right time, with the national budgets being cut and it being easier to bring in. This new system would, however, bring with it many problems and also costs, particularly for the banks, which could pass these on to consumers over...

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