In his blog, Richard Raeburn, Chairman of the European Association of Corporate Teasurers, concludes on the Financial Transaction Tax:

'So far from implementing a strongly based taxation model that will generate the recompense sought by the politicians, the outcome could be a tax (FTT) carried by the banks' customers, enfeebled EU banks and a stimulus to the rest of the world watching with considerable glee as a purely political agenda is pursued here in Europe.'

The consequences of the FTT are far wider than the politicians understand. Richard and his colleagues need help in persuading the EU. Can you assist?

Read more in the full blog here.