2014/02/19/Celebrities, European Leaders Push for Final Deal on Wall Street Tax

title/short::Celebrities, European Leaders Push for Final Deal on Wall Street Tax At a February 19 press conference in Paris, German Chancellor Angela Merkel and French President Hollande confirmed that a coalition of 11 EU governments are on track to finalize a coordinated financial transaction tax before May. European elections are that month, and this is considered a sure vote-getter. The latest Euro-barometer survey shows 82 percent of German and 72 percent of French citizens support it.
 * when: when posted::2014/02/19
 * author: author::Sarah Anderson
 * source: site::Institute for Policy Studies
 * topics: topic::financial transaction tax topic::European Union
 * keywords
 * link: URL::http://www.ips-dc.org/blog/celebrities_european_leaders_push_for_final_deal_on_wall_street_tax
 * title: title::Celebrities, European Leaders Push for Final Deal on Wall Street Tax
 * summary: A new viral video with Andrew Lincoln of "The Walking Dead" is one more setback for financial industry lobbyists fighting a financial transaction tax.

There have been hints, however, that the tax could be a watered-down version of the initial European Commission proposal. That original plan would place a tax of 0.1 percent on stock and bond trades and 0.01 percent on derivatives. Expected revenues: 31 billion euros ($US 42 billion) per year.