THE TRANSACTION TAX HAS BEEN IMPLEMENTED WITHIN GERMANY AND THE EURO-ZONE.

THE TRANSACTION TAX HAS BEEN IMPLEMENTED WITHIN GERMANY AND THE EURO-ZONE.

       The German Parliament, the Bundestag has once again for the final time voted unanimously for the enaction of the legislation and for the implementatiion of the Transaction tax within Germany and the Euro-zon, except in three European Union countries that included England and Sweden. The Transaction tax  has been expected to raise the estimated huge sum of over fourty billion euros annually that will contribute to the financial solution of the European Union financial packages that entailed the Finance Rescue Package for the European Union countries that may require upgrade of their credit line, due to the current debt and budget deficit crisis, or the financial crisis, due to the European Union Austerity Measures that have caused wide-spread protest in demonstration and strikes in many European Union countries that included Greece, Spain, Portugal Italy, Denmark and Ireland.


                                
                                                 Written by Professor Godfrey Ohia.