Speaking in London, Algirdas Semeta, EU Commissioner for Taxation referred to the Financial Transaction Tax, he said: "I am well aware that there has been some controversy over this proposal in the UK, focused mainly within this Square Mile. Let me reassure you: the FTT is not an attack on the City of London."
He added: "As Europe's largest financial centre, the City is integral to the Single Market and it is in all our interests for it to be strong and stable. We have been extremely careful in the design of this tax. The competitiveness of Europe's financial sector will not be harmed." Read Full Story