Financial Transaction Tax call grows and grows as nearly 400,000 e-mails sent to EU Commission

14/04/2011

As part of the Europeans for Financial Reform (EFFR), the PES continues to build on the growing calls for a Financial Transaction Tax (FTT). This week saw nearly 400,000 e-mails sent in response to the European Commission’s consultation on tax in the financial sector.

See video on next steps in the FTT campaign below

This stunning success was backed up on 14th April, as the PES adopted a declaration that strengthens our position on an FTT. The declaration outlined 5 demands.

They included a commitment to go ahead on an FTT within the European Union; to enact EU legislation as soon as possible; to set a clear percentage (0.05%); to use any funds raised for a progressive agenda; and to particularly target 'socially useless' financial transactions.

PES President, Poul Nyrup Rasmussen said in a video message to campaigners that; "After our successes in the European Parliament and our strong call to the European Commission, calling for a European FTT, our attention now turns to EU Prime Ministers in the European Council. We will use the time between now and June to invest in our campaign; Our support is building steadily. A European FTT is becoming a clear and tangible option".