Two-thirds of Europeans back Tobin Tax

Two-thirds of Europeans now back a financial transactions tax – dubbed the Tobin tax – the latest European Parliament Eurobarometer poll has revealed.

The latest poll found a five point increase in support for the tax.

However, it also found a 20 point difference between those within the eurozone and those outside it.

The poll found 73% of those in the currency bloc supported the tax with strongest support coming from Greece, Cyprus, Italy, Portugal and Spain.

Just over half (53%) backed a financial transaction tax in non-euro countries.

Anni Podimata, European Parliament vice-president and rapporteur on the financial transaction tax, says the levy is “gaining real traction among all Europeans”.

The poll was conducted between March 10-25 and included the opinions of 26,593 Europeans aged 15 or over.