{"id":38925,"date":"2012-10-09T16:53:08","date_gmt":"2012-10-09T14:53:08","guid":{"rendered":"https:\/\/sg.admk-dev.de\/financial-transaction-tax-greens-hail-landmark-moment-for-ftt\/"},"modified":"2012-10-09T16:53:08","modified_gmt":"2012-10-09T14:53:08","slug":"financial-transaction-tax-greens-hail-landmark-moment-for-ftt","status":"publish","type":"post","link":"https:\/\/sven-giegold.de\/en\/financial-transaction-tax-greens-hail-landmark-moment-for-ftt\/","title":{"rendered":"Financial transaction tax: Greens hail landmark moment for FTT"},"content":{"rendered":"<p>Commenting on the announcement that a group of eleven EU member states has agreed to move forward with the implementation of a common financial transaction tax through an &#8216;enhanced cooperation&#8217; procedure (1), Green economic and finance spokesperson <strong>Emilie Turunen<\/strong> (MEP, Denmark) stated:<\/p>\n<p><em>&#8220;This breakthrough on the financial transaction tax (FTT) is a landmark moment both for the EU, which will become the<\/em><em> first place in the world to have a transaction tax crossing national borders,<\/em><em> but also as part of the movement for a global FTT. <\/em><em>Ideally, the FTT should apply in the EU as a whole but the task at hand is now to move forward with this coalition of the willing and hopefully convince other member states to join at a later date.&#8221;<\/em><\/p>\n<p>Green economic and finance spokesperson <strong>Sven Giegold<\/strong> (MEP, Germany) added:<\/p>\n<p><em>The Greens have long <\/em><em>advocated an FTT both to help curb risky financial speculation and generate much-needed revenue from an under-taxed financial sector for pressured exchequers. We hope that the Commission will take on board some of the recommendations from the European Parliament including the proposal on an &#8216;issuance principle&#8217; whereby financial institutions located outside of the participating states would also be obliged to pay the FTT if they traded securities originally issued within the EU. Furthermore, at least a part of the revenue should finance global public goods, also in order incite developing countries to help globalise the FTT.&#8221;<\/em><\/p>\n<p>(1) In the context of today&#8217;s council of EU finance ministers it was announced by the European Commission that a group of 11 EU member states has committed to support the introduction of a financial transaction. The support of 11 member states means this group can now proceed with the proposals through an enhanced cooperation procedure, by which a smaller group of member states than the EU27 can implement a common policy. Further information: <a href=\"http:\/\/europa.eu\/rapid\/pressReleasesAction.do?reference=MEMO\/12\/762&amp;format=HTML&amp;aged=0&amp;language=EN&amp;guiLanguage=en\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/europa.eu\/rapid\/pressReleasesAction.do?reference=MEMO\/12\/762&amp;format=HTML&amp;aged=0&amp;language=EN&amp;guiLanguage=en<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Commenting on the announcement that a group of eleven EU member states has agreed to move forward with the implementation of a common financial transaction tax through an &#8216;enhanced cooperation&#8217; procedure (1), Green economic and finance spokesperson Emilie Turunen (MEP, Denmark) stated: &#8220;This breakthrough on the financial transaction tax (FTT) is a landmark moment both [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-38925","post","type-post","status-publish","format-standard","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - 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