07/09/2012 Social Affairs, Health and Sustainable Development
Strasbourg, 07.09.2012 – PACE’s Social Affairs Committee has given its full backing to a European tax on financial transactions, urging that it should cover as many countries as possible – as a first step to a global tax – and should also be levied on derivatives trading and off-exchange transactions.
The committee, adopting a draft resolution based on a report by Hermine Naghdalyan (Armenia, ALDE), also said the EU should consider committing “a substantial share” of the revenue from this tax to “sustainable growth, job creation, social needs and global solidarity”.