The financial transactions tax

This procedure concerns the establishment of a financial transactions tax (FTT) among a group of EU member states. It aims to discourage high-frequency speculative trading and ensure that the financial sector contributes fairly to public finances, especially following the costs of previous financial crises.

The measure primarily affects financial institutions, banks, and investment firms operating within the participating countries. It introduces a tax on specific financial transactions, such as the trading of shares and derivatives.