Estonia has pulled out of joining the EU’s proposed Financial Transaction Tax, FTT. Also called the Ronin Hood tax. In theory the FTT cuts down damaging short-term trading and reimburses EU government for the trillions given to the financial sector since the crash. The worry is in reality the FTT may damage economies and be used by the FTT club of states against non-members like the UK.
Tax Barrister, Accountant