France introduces financial-transactions tax

France introduces financial-transactions tax

France has becomes the first country in the European Union to bring in a tax on financial transactions.

The country's president Francois Hollande hopes the 0.2% tax will generate €170m this year for the French Treasury.

It affects anyone buying shares, including credit default swaps, in 109 companies.

More in this Section

Construction industry wants all building sites to shut immediately Construction industry wants all building sites to shut immediately

Mobile companies to be given extra bandwidth to handle Covid-19 surge in callsMobile companies to be given extra bandwidth to handle Covid-19 surge in calls

Mortgage interest relief measures slammedMortgage interest relief measures slammed

Consumer spending 'may fall 10%' this yearConsumer spending 'may fall 10%' this year


Lifestyle

Spring is here and with it every reason to get out of the house and start planting veggies with the children. No garden? Not to worry, a large flower pot or plastic tub will produce plenty of edible greens. Helen O’Callaghan reportsWatering can-do: Veggie growing with the children

More From The Irish Examiner