MFA Blog: EU Financial Transitions Tax Faces Delays due to Oppositional Barriers

According to an MFA Blog post, the implementation of an EU plan to tax a broad range of financial transactions is likely to be delayed. Under the European Commission's proposal, a 0.1% tax would apply to share and bond trades and 0.01% to derivative transactions between financial institutions, if at least one party is located in the EU. According to the European Commission, the tax, which would impose a levy on stock, bond, and derivative trades, was originally supposed to be implemented on January 1st. However, officials indicated that, without a compromise between the countries that might impose the tax, 2015 is a more realistic implementation date.

See: MFA Blog Post.