On Monday 9 December, German Finance Minister Olaf Scholz sent his European counterparts a proposal for a final text on the Financial Transaction Tax (FTT). The information, initially reported by the German newspaper Süddeutsche Zeitung, was confirmed on Tuesday 10 December, in a statement from the German Ministry of Finance.
The text maintains a model based on the French financial transaction tax, including the rate which is set at 0.2% and it is essentially due on the purchase and sale of...