The European Parliament has today adopted the Commission’s proposal for a financial transaction tax, and widened its scope. The Parliament’s press release is here and the text adopted is here (shows changes made by the Parliament to the Commission’s proposal). The Parliament’s vote is advisory at this stage and the Council can ignore or adopt the Parliament’s amendments. The timetable for the FTT remains:
- 31 December 2013 deadline for Member States to adopt implementing laws.
- 31 December 2014 for entry into force of these laws.
See also: Financial transaction tax: European Commission proposal
How the EU financial transactions tax would work in practice
