European Central Bank 24 July 2012, Opinion of the European Central Bank of 24 July 2012 on the financial transaction tax (CON/2012/59)

EN ECB-PUBLIC OPINION OF THE EUROPEAN CENTRAL BANK of 24 July 2012 on the financial transaction tax (CON/2012/59) Introduction and legal basis On 3 July 2012, the European Central Bank (ECB) received a request from the Hungarian Ministry for the National Economy for an opinion on a new draft law introducing a financial transaction tax (hereinafter the ‘FTT Law’).