Don’t tax you, Don’t tax me, tax the corporations across the sea’: examining the European Financial Transaction Tax as a model for tax multilateralism

In light of the COVID-19 crisis, enthusiasm for a European Financial Transaction Tax (FTT) has been revitalised, driven by similar economic factors as decade before. As such, this essay offers timely exposition failures original FTT proposals bringing together academic literature on with that FTTs in general within larger framework international tax cooperation. By dissecting reasons failure FTT, will make two key arguments. The first is significant design flaws played most role its failure. second argument experience highlights exactly why multilateralism increasingly important order and despite eventual proposals, EU remains accessible forum which to foster multilateral