The French Finance Minister Michel Sapin has released a revised proposal for the EU financial transactions tax (FTT), a tax supported by 11 EU Member States. The current proposal includes a 0.1% tax on the market price of shares, bonds, collective investment vehicle units, money market instruments, repurchase agreements, and securities lending transactions, and a 0.01% tax on the notional amount of underlying assets in derivative products. Under the revised proposal released by Sapin, bonds would be excluded and only the shares of companies domiciled in one of the 11 supporting States would be subject to the FTT. When shares...