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    European Commission Recommends Levy Financial Paction Tax

    2011/9/30 9:25:00 23

    European Commission Recommends Financial Paction Tax

    European Commission President Barroso said in a speech at the European Parliament in Strasbourg, France: "the tax will be

    European Union

    Bring in at least 55 billion euros a year.


    The European Commission stressed that, as the financial system is part of the source of the economic crisis, it should make a reasonable contribution in the process of EU financial integration.

    In addition, compared with other industries, the current tax rate in the financial sector is relatively low.

    The European Commission hopes to introduce the financial paction tax in the EU to the global summit of the group of twenty, which will be held in Cannes, France, in early November.

    Extension


    The European Commission recommends that this tax be levied on all financial pactions involving financial institutions within the European Union.

    For stock and bond pactions, the tax rate is 0.1%, and the tax rate on financial derivatives is 0.01%.

    According to the proposal, the tax revenue will be allocated between the EU and the member states.

    As one of the future revenue sources of the EU's 2014-2020 financial framework plan, the tax will help reduce member states.

    finance

    Burden.


    According to the relevant laws, the proposal must be agreed by European consensus and can be heard only after listening to the views of the European Conference.

    The European Commission plans to implement the financial pactions tax act in January 1, 2014.


     

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