October 13th, 2011 
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The EU’s executive European Commission proposed a bloc-wide tax on financial transactions. The plan is expected to raise 57 billion euros a year.
Banks described the plan as nonsense and Britain went on to say that it would only support a global levy.
From in.finance.yahoo.com:
The EU’s executive European Commission formally adopted on Wednesday plans for a financial transaction tax from January 2014, which will need unanimous approval from EU states and which it said it hoped the rest of the world will copy.
“With this proposal the European Union becomes a forerunner in the global implementation of a financial transaction tax,” EU Tax Commissioner, Algirdas Semeta, said in a statement.
“Our project is sound and workable. I have no doubt this tax can deliver what EU citizens expect — a fair contribution from the financial sector. I am confident that our partners in the G20 will see their interest in following this path.”
Stock and bond trades would be taxed at the rate of 0.1 percent and derivatives would be taxed at 0.01 percent, under the plan.
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