Center for American Progress

ADVISORY: Now is the Time for a Financial Transaction Tax
Press Advisory

ADVISORY: Now is the Time for a Financial Transaction Tax

European Progress and Prospects for the United States

Washington, D.C. – Five years since the start of the Great Recession, policymakers around the world are still struggling to ensure that the undertaxed financial sector makes a fair and substantial contribution to the fiscal costs of the crisis, while promoting more stable and productive financial markets. One option with great promise is the financial transaction tax, or FTT—a miniscule tax applied to an ocean of trading in stocks, bonds, and other financial instruments.

This year, the European Union will implement the world’s first regional financial transaction tax among 11 or more of its member countries. Leading this effort is European Commissioner for Taxation and Customs Union Algirdas Šemeta, who will address Europe’s progress with the financial transaction tax and join a conversation on the implications of Europe’s FTT and prospects for similar, coordinated FTTs in the United States and England.


Featured Speaker:
Algirdas Šemeta, European Commissioner for Taxation and Customs Union

Featured Panelists:
Christopher Leslie, UK Labour Party MP and Shadow Financial Secretary to the Treasury
Lynn A. Stout, Distinguished Professor of Corporate and Business Law, Cornell University
Michael Ettlinger, Vice President for Economic Policy, Center for American Progress

Moderated by:
Pedro DaCosta, Federal Reserve and Macroeconomic Policy Correspondent, Reuters


February 25, 2013
1:00pm ET – 2:30pm ET
A light lunch will be served at 12:30 p.m.


Center for American Progress
1333 H St. NW, 10th Floor
Washington, DC 20005


RSVP to attend this event

For more information, contact Katie Peters at [email protected] or 202.741.6285.