The European Union on Financial Sector Taxation: What to Do if You Need 85 Billion Euro

Journal
Hein, R.
International
Finance and Capital Markets (formerly Derivatives & Financial Instruments) 2010 (Volume 12), No. 6
PriceUSD 45

The global financial crisis fuelled an equally widespread debate on the possibility of introducing bank-specific taxes. The EU Commission has been supportive of this idea from the start. In its Communication of 17 September 2010, the Commission sheds more light on the approach it wishes to take.