“As predicted, France has passed the world’s first Robin Hood Tax — a levy of two-tenths of one percent on all French share transactions, purchases or sales — even when they are bought or sold by Americans.  The new tax is expected to raise E500 million annually, a portion of which French President Francois Hollande has committed to give to fight global poverty and HIV-AIDS.  The French tax is a precursor for more ambitious Financial Transactions Tax that nine European countries plan on implementing as early as December of this year. The broader tax would apply ‘not just to shares, but to bond and derivative transactions’ and is supposed to raise E34 billion.”

http://www.dickmorris.com/france-taxes-america-the-robin-hood-tax/

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