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Comment: G20 puts EU transaction tax in doubt, but solo states could press on

By James Crisp ( November 7, 2011, 17:29 GMT | Comment) -- A lukewarm reception to the idea of a global Financial Transaction Tax (FTT) at the G20 summit has left plans for a worldwide levy dead in the water. The European Union has said it will press on with its plans to introduce an EU-wide FTT, but such are the obstacles that supporters of the so-called Robin Hood Tax may have to rely on individual countries acting unilaterally to see any genuine progress in taxing the financial sector.Brussels – French president Nicolas Sarkozy summed up the prospects of a global Financial Transaction Tax (FTT) after the G20 summit in Cannes....

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