According to recent reports, some progress is being made on the initiative for the introduction of a Transactions Tax (FTT) in the EU. The FTT has been pursued by a number of EU Member States through the enhanced cooperation procedure following the European Council's inability to reach unanimity on an FTT proposal in 2012. Currently, 10 Member States are taking part in negotiations with the focus shifting to the introduction of an FTT based on the existing FTT in France, which primarily appli…