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Image header Agence Europe
Europe Daily Bulletin No. 10667
ECONOMY - FINANCE - BUSINESS / (ae) taxation

French Tobin Tax comes on stream on 1 August 2012

Brussels, 31/07/2012 (Agence Europe) - The financial transactions tax (FTT) introduced in France by former president Nicolas Sarkozy comes into force on Wednesday 1 August 2012. It is set at 0.2% rather than the initially planned 0.1%. The tax is expected to net some €170 million this year and €300 million in 2013. The draft amending law voted through by the French Senate on Thursday is expected to bring in some €1.6 billion each year. In the initial draft, the “enhanced stock market...