Ten EU countries inch towards Robin Hood tax

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By Jean Comte
23 May 2019

Some EU member states are nearing a compromise on a common financial transactions tax, something that has been discussed for almost a decade in the bloc, but has failed to materialise up to now.

According to a draft directive obtained by GlobalCapitalnegotiators are converging on the so-called "French model", which has been applied in France since 2012. The document outlines a levy of 0.2% or 0.3% on the acquisition of shares issued by a company whose market capitalisation exceeds €1bn. It ...

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