The French Finance Minister Michel Sapin has released a revised proposal for the EU financial transactions tax (FTT), a tax supported by 11 EU Member States. The current proposal includes a 0.1% tax on the market price of shares, bonds, collective investment vehicle units, money market instruments, repurchase agreements, and securities lending transactions, and a 0.01% tax on the notional amount of underlying assets in derivative products.
Under the revised proposal released by Sapin, bonds …