TUC calls for Robin Hood Taxes across Europe

Commenting on the publication today (Thursday) of a European Commission report on the future taxation of the financial sector, TUC General Secretary Brendan Barber said:
'The Commission has responded to public pressure. This is a much more positive approach to financial transaction taxes (FTTs) than we have seen in the past.
'But European Commission support for a global FTT should not let the EU and member states off the hook of implementing their own transaction taxes.
'IMF research shows that not only is this perfectly feasible but that 16 G20 countries already have some form of FTT. European governments like France, Germany and Spain - and of course the UK - should over-rule the over-cautious Brussels bureaucrats.'
The Commission report is to be given to European finance ministers next week.