France plans Tobin tax on financial transactions

http://www.guardian.co.uk

France plans Tobin tax on financial transactions

French president Nicolas Sarkozy said he hoped his move would push other countries into taking actionNicolas Sarkozy has announced plans to impose a tax on financial transactions. The French president said a new 0.1% tax would come into force in August regardless of whether or not the European Union agrees to impose a ‘Tobin tax’ across the EU.