Tag Archives: European Banks

Greek MEP leads campaign for financial transaction tax in EU

Brussels – Given Greece’s economic woes, one would perhaps not associate the country with groundbreaking initiatives on taxation, but a Greek member of the European Parliament, Anni Podimata, is at the forefront of a growing campaign to introduce a financial transaction tax (FTT) in Europe.

The idea put forward by Podimata — who is the rapporteur for the EP position on the issue — has been adopted as a legislative proposal by the European Commission, and the former journalist and MEP for PASOK spent the last few days suggesting some changes to the tax, which would see traders paying 0.1 percent for transactions involving shares and bonds, and 0.01 percent for derivatives.

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