“The Court of Justice of the European Union (CJEU) recently issued a decision rejecting the UK government’s initial legal challenge against the proposed introduction of a financial transactions tax (FTT) in Europe. The following week, 10 of the 11 EU Member States that have been supporting the FTT issued a joint declaration (Declaration) re-stating their determination to ‘finalize viable solutions’ for the FTT by the end of 2014 and to commence the ‘progressive implementation’ of the tax by 1 January 2016.  The FTT is a tax to be levied at fixed low rates on certain transactions involving financial instruments – such as shares, bonds and derivative contracts.”

https://www.lexology.com/library/detail.aspx?g=22886740-f03a-481e-abf4-4e5cb2cf4ec2

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