Proposal for a Council Directive on a common system of financial transaction tax and amending Directive 2008/7/EC

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Price FREE Publisher European Commission Publication date 28 September 2011 ISBN COM(2011) 594 final

Publication synopsis The exchange of shares and bonds would be taxed at a rate of 0.1% and derivative contracts, at a rate of 0.01%. This could approximately raise EUR 57 billion every year. The European Commission has proposed that the tax should come into effect from 1st January 2014.

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