Oditor, Vol. III, No. 02/2017

THE “TOBIN TAX” IN THE EU
Anđelka Aničić[8], Milica Simić[9]

Date received: 10.05.2017.
Date accepted: 11.06.2017.
UDK: 336.025:336.221(4-672EU)
336.226.232
JEL: G15, H12

Summary

There has been discussion of the advantages and disadvantages of the tax on financial transactions among economists. Economists are divided over the effects of a given trade tax, financial market and financial stability. The European Commission (EC) in 2011 presented a proposal on a common system of taxation, that is the introduction of a financial transactions tax in the European Union (EU). The proposal envisages a tax of 0.1% on transactions in shares and bonds, and 0.01% on transactions in financial derivatives. The EU Member States disagree on this proposal given by the European Commission. Eleven members supported the
proposal and announced that the tax will be introduced gradually. France and Italy have introduced their taxes, while the tax is already in force in some member states (Belgium and Greece). The final decision on the introduction of a tax on financial transactions and a common system of taxation between member states has not been made, yet.

Key words: taxation, financial transactions tax, the European Union.

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[8] Anđelka Aničić Ph.D., Associate Professor, Alfa BK University, Palmira Toljatija street no. 3, Belgrade, Serbia, Phone: +381 64 1341316, E-mail: anicican@gmail.com
[9] Milica Simić M.A., Assistant, Alfa BK University, Palmira Toljatija street no. 3, Belgrade, Serbia, Phone: +381 64 420 68 86, E-mail: milica.simic@alfa.edu.rs