Tuesday: 11 Oct 2011:

Though financial tax proposal has been discussed in various forms in the world many a times in the past, now European Commission has taken it seriously to push for it as a measure to strengthen finances and the fiscal consolidation.

G20 leaders are going to meet on 3-4 Nov in Cannes, where we can expect some fresh reconsideration of the EU’s proposal for ‘Global Financial Transaction Tax’.

http://business.financialpost.com/2011/10/05/eu-calls-for-global-tax-can...

Of course there is also equally strong resistance to the proposal and it also is not same as what AK is proposing, however I think if something of this sort works out, then it can help as good precedence for BTT (as proposed in AK). So let’s be watchful for world’s responses on the same, which can be found at - http://www.makefinancework.org/home-english/financial-transaction-tax/

Author:
Bhushan Patil