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France launches financial transaction tax

02.08.12 @ 09:43

  1. By EUOBSERVER

France introduces its financial transaction tax on Thursday. A 0.2 percent tax will be levied on all publicly traded companies with a market value over €1 billion. French PM Francois Hollande says the tax will generate €170 million in additional revenue for 2012 and another €500 million in 2013.