欧盟委员会税务专员阿尔吉尔达斯·舍梅塔日前表示，目前向欧盟递交开征金融交易税申请的成员国已增至11个，超过了至少需获三分之一成员国支持方可启动的相关法律条款，欧盟委员会将适时开征金融交易税。开征此税可抑制金融机构逐利加剧市场风险，增加政府税收收入；但在全球金融一体化进程中，欧盟单独推行金融交易税，可能导致自身竞争力降低并引发资本外流，对欧洲经济发展堪称是一把双刃剑。

The European commission tax specialist al Jill darth · bits of meta has said,At present the European Union to submit application for collecting the financial transaction tax members had increased to 11,More than the need at least a third by member states may start to support the relevant legal provisions,The European commission will timely collecting the financial transaction tax.This tax collecting inhibits financial institutions increased by the market risk,Increase government tax revenues;But in the global financial integration process,The European Union separate implementation of financial transaction tax,May lead to the competitiveness of lower and trigger capital outflow,For European economic development can be a double-edged sword.

　　近年来，随着全球金融体系快速发展，一些大型金融机构纷纷追逐“暴利”交易，给金融市场带来巨大风险，其中银行等金融服务机构税赋过低，是导致“暴利”交易屡禁不止的原因之一。为抑制过度投机、稳定金融市场，5月下旬，欧洲议会批准了在欧盟27国范围内征收金融交易税的议案，以迫使银行、做市商、对冲基金和高频交易所等金融机构更多承担金融交易的责任，同时分散修复欧元区债务危机的成本。

In recent years,With the rapid development of the global financial system,Some large financial institutions in succession of Angle"profits"trading,To the financial market brings huge risk,The Banks and other financial services organisations low taxes,Is lead to"profits"Trading long-standing one reason.To control the excessive speculation/Stable financial markets,Late may,The European parliament has approved in the 27-nation European Union range collection of financial transaction tax bill,To force Banks/marketmaker/Hedge funds and high frequency exchange, and other financial institutions more bear the responsibility of financial transactions,At the same time dispersed repair the euro area the cost of debt crisis.

　　欧盟预计，开征金融交易税初期，欧盟每年可增加税收570亿欧元；到2020年末，将达到每年增加税收800亿欧元的目标。不过目前欧盟内部对于金融交易税的最大分歧在于，此项税金应如何管理和使用。在5月获批的议案中，欧盟委员会和法国等国寻求把金融交易税纳入欧盟预算体系，开征金融交易税的成员国可在每年应缴纳的欧洲预算中扣除相应金额；而德国则希望由各成员国政府掌控本国税金。从市场运作角度出发，最好的选择应是在欧盟范围内统一金融交易税税率，并将该项税收纳入欧盟印花税体系统一管理。

The European Union is expected to,Collecting the financial transaction tax initial,The eu tax increases every year 57 billion euros;To the end of 2020,Every year to increase taxes will reach the goal of 80 billion euros.But the European Union internal for financial transaction tax is the biggest differences,The tax should be how to manage and use.On may grant approved the bill,The European commission and France and other countries seek to financial transaction tax into the eu budget system,Collecting the financial transaction tax members can be in each year should pay European budget the amount deducted;And Germany is hope by each member government control over their taxes.From the perspective of market operation,The best choice in the European Union should be unified within financial transaction tax rate,And will the tax included in the European Union stamp duty system unified management.

　　此前，按照8月1日生效的法国新《财政预算案》，该国已开始对本国109只市值超过10亿欧元的大型企业股票征收0.2%的金融交易税。此举使法国成为欧盟第一个征收金融交易税的成员国，预计当年将为该国政府增加税收收入15亿欧元。而在增加税收的同时，0.2%的高税率对法国一些金融机构的高频交易产生了明显制约，这些机构正在寻找对策以应对税收压力，市场已经显现部分资本逃离本土迹象。

after,According to the August 1st, France's new[budget],The country has begun to its 109 only 1 billion euros worth more than large enterprise stock collection of 0.2% of the financial transaction tax.The move to France as the first collection of financial transaction tax members,That is expected to for the government to increase taxes income is 1.5 billion euros.And in to increase taxes at the same time,0.2% of the high rate of financial institutions to the French some high-frequency trading has had the obvious restriction,These institutions are looking for strategies to deal with tax pressure,Market has revealed some capital escape from local signs.

　　与率先迈出金融交易制度改革的法国相反，英国至今坚决反对在欧盟范围内征收金融交易税。国际清算银行最新报告显示，伦敦作为全球金融交易中心，金融业对英国经济的贡献量占到该国经济产出的10%以上；其金融交易量约占整个欧洲交易量的75%；外汇交易约占全球每日外汇交易转手量的36.7%。若在美国等其他经济体未开征金融交易税的情况下，欧盟率先开征金融交易税，伦敦金融城的竞争力将受到打击，可能导致金融机构因税赋增加逃离伦敦而迁至华尔街或其他地区。

And take the lead in take financial transaction system reform of French instead,Britain has firmly opposed to the European Union within the scope of financial transaction tax collection.The bank for international settlements new report shows,London as a global financial trading center,The financial industry to the UK economy contribution amount accounted for more than 10% of the country's economic output;Its financial trading accounts for about 75% of the volume throughout Europe;Foreign exchange trading occupy global daily foreign exchange trading amount to 36.7%.If in the United States and other economies collecting the financial transaction tax is not the case,The European Union takes the lead in collecting the financial transaction tax,The competitiveness of the city of London will come under attack,May lead to financial institutions because of the increased taxes from London and moved to Wall Street or other areas.

　　此外，抛开具体国家的各自利益，从金融市场全局角度而言，金融交易税开征后，对于一些交易品种，可能会因此受到交易抑制。欧洲基金和资产管理协会资料显示，货币市场基金持有期限较短而交易换手率较高，开征金融交易税后，其60%以上的份额可能将由保守的货币市场基金承担，将导致货币市场基金年度收益大幅下降。为避免承受更多的税收负担，投资者将被迫把投资对象从货币市场基金转向存款及与生命保险相关的其他产品，货币市场基金规模可能出现快速萎缩。

In addition,Put aside specific national self-interest,From the financial market global perspective,After collecting the financial transaction tax,For some trading products,May, therefore, by trading inhibition.European fund and asset management association data shows,Money market funds holding period is short and trading turnover rate is higher,After collecting the financial transactions,Its more than 60% of the share may by conservative monetary market fund bear,Will lead to monetary market fund annual earnings decline sharply.To avoid bear more tax burden,Investors will be forced to put the investment object from money market funds to deposit and and life insurance related products,Money market fund scale possible quick atrophy.

　　在公开资料显示全球资本市场每日净成交规模约4万亿美元的金融体系中，若以适度的税率对金融交易予以课税，不仅可减少投机性交易的数量、降低金融市场风险，还可增加政府税收。可以预见的是，开征金融交易税，将通过消除某些风险过高的金融活动压低金融交易总量，从而降低整个经济体系的风险水平。但不可回避的是，若此举仅在某国或某个地区内实施，势必导致国际资本流向尚未征税的国家和地区，从而加剧市场扭曲，无益于全球金融市场稳定。

In the open data shows the global capital market daily net clinch a deal the scale of about $4 trillion in the financial system,If the tax rate of moderate to financial transaction to tax,Not only can reduce the number of speculative trading/Reduce the financial market risk,Still can increase government tax.It is expected,Collecting the financial transaction tax,Will by eliminating some risk high financial activities down financial transaction amount,The whole economic system so as to reduce the level of risk.But inevitable is,If the move only in the country or a region implementation,Will inevitably lead to the international capital flow has not been taxation countries and regions,Adding to the market distortion,Nothing the global financial market stability.