Sarah Lane explains why, for the time being, unanimity on adoption of a Financial Transaction Tax across the EU seems a long way off.
KPMG analysis of the level of government support in different EU Member States for the proposed EU Financial Transactions Tax (FTT) has indicated considerable variations in attitudes to the FTT.
The outcome is summarised in the map below forming a ‘thermometer’ of current views as they stood in January.
The thermometer shows that only three of the 27 Member States which would need to approve the FTT proposals were firmly in favour (France Germany and Spain) with three (Sweden Czech Republic and Bulgaria) firmly against.
Six are...
