EU commissioner for customs and taxation Algirdas Semeta on Wednesday welcomed the European Parliament (EP) vote on the financial transaction tax (FTT).
"I warmly welcome the Parliament's vote in favour of the FTT under enhanced cooperation, which 11 member states have requested," Semeta said in a statement following the EP's vote in favour of the FTT proposal.
"Today, we've had a clear signal that popular and political support for the FTT is still strong," he said, adding that the FTT, also know as the "Tobin tax," can contribute to "fair taxation, a cohesive single market and a more responsible banking sector."
The commissioner urged all the 11 member states to press ahead in reaching quick agreement, while also protecting the spirit and purpose of this tax."
He promised that the European Commission will continue to support negotiations in every way possible, to facilitate a swift and ambitious compromise.
Source: Xinhua
