The banking industry does not believe a global tax on financial transactions is appropriate for Australia because its financial institutions didn't fail during the financial crisis.
The European Commission has lodged draft legislation to introduce such a tax, that will go before all 27 European Union heads of state and government next month, and also the G20 leaders summit in Cannes in November, despite opposition from the US.
The European Commission has lodged draft legislation to introduce such a tax, that will go before all 27 European Union heads of state and government next month, and also the G20 leaders summit in Cannes in November, despite opposition from the US.
