The ten countries still trying to develop a financial transactions tax (FTT) will mark off another point on their map, in Luxembourg on Monday 10 October (see EUROPE 11621).
In June of this year, they set up two task forces to examine, concluding in September, two controversial issues on which there is still no agreement: the possible impact of the future tax on sovereign debt, and the implementation costs of the tax compared to the income it will generate.
NGOs put maximum pressure on...