MEPs tie over how soon to adopt a European Robin Hood Tax
The influential Economic Committee of the European Parliament voted today on whether the EU should move immediately to implement a Robin Hood Tax or wait for further reports and the possibility of a global deal. Greek Socialist MEP Anni Podimata proposed a report which said that ” the financial transaction tax should be introduced as a first step at EU level”. Liberals and the Centre Right voted against, Greens, Socialists and others voted for, and the result was a dead heat: 21-21. This shows how close the debate is in Europe about how to introduce a Robin Hood Tax. The Liberals and the Centre Right MEPs were urging that the Parliament should wait to see whether a global deal could be done through the G20, or at least for an impact assessment which the European Commission hopes to publish in the summer, but FTT supporters argued that both options were merely delaying tactics. This year will be crucial for the campaign to secure a financial transactions tax, and the struggle is as close as it could get.