The EC is set to unveil its plan for a financial transaction tax tomorrow. Germany and France...

|By:, SA News Editor

The EC is set to unveil its plan for a financial transaction tax tomorrow. Germany and France are the key forces behind the new levy, which could see a 0.1% fee on all stock and bond transactions. Against are the U.K. and Sweden who say the move is likely to drive business out of Europe unless it's enacted globally (not happening).