Financial Transaction Tax Proposal. Some have been implemented, while some are only proposals. Taxes on financial transactions have a long history.

The concept has been most commonly associated with the financial sector; it is not usually considered to include consumption taxes paid by consumers. Some of these taxes arethe Financial Transaction tax,. more. Among groups attacking the financial transactions tax proposal is Modern Markets Initiative, or MMI, which advocates for high-frequency trading. "The proposed financial transaction tax poses a threat to the very Main Street investors that the sponsors of this bill are aiming to protect.

The group of ten that are proceeding with the proposal under enhanced co-operation are Austria, Belgium, Estonia, France, Germany, Greece, Italy, Portugal, Slovakia and Spain.

If the text is implemented into law a financial transaction tax (FTT) will be payable to the tax authorities in Belgium, Germany, Estonia, Greece, Spain The proposal for a directive seeks to apply the FTT to financial transactions carried out by financial institutions that are party to the financial.

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Some of these taxes arethe Financial Transaction tax,. more. FTTs are sometimes called "Robin Hood". While an EU wide tax does not seem feasible, the debate on financial taxation will continue.