The Institute for Policy Studies, based in Washington D.C., has reported on several recent official developments towards adoption of a tax on financial transactions.
In a two page summary, the Institute notes:
- The European Parliament's May 25 vote in favour of imposing an FTT — also known as the Robin Hood tax — and detailed technical papers produced by the European Commission.
- Support of the FTT by Francois Hollande, the new President of France.
- A vow by German finance minister Wolfgang Schauble to push ahead with a "coalition of the willing" to implement an FTT, even if some member states of the European Union decide not to participate.