Tobin tax moves closer
Ten EU states to push ahead with the financial transaction tax
Barroso spoke as one of the final obstacles to the introduction of the so-called Tobin Tax was removed when Europe’s tax commissioner announced there were no legal obstacles to the plan, The Guardian reports.
However, the British government is opposed. “This is about fairness,” said Barroso. “We need to ensure the costs of the crisis are shared by the financial sector instead of shouldered by ordinary citizens."