I discuss the proposed financial transaction tax at the EU level, where all goods and services are subject to taxation, so the rationale is to also tax financial transactions. The European Commission has proposed limiting the tax to transactions between financial institutions like banks, investment firms, and funds, with a 0.1% rate for stocks and bonds, and 0.01% for derivatives. France has already implemented a financial transaction tax, and it's hoped other European countries will follow suit.
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