Financial Transactions Taxes (also known as Tobin taxes) are the fond friend of the banker-bashing left, believing that there are vast fortunes of money swirling around the ether that, if only they could take a tiny cut of it all, they could save the world.
It has been advocated widely by the likes of Paul Krugman, Bill Gates, Resource intensive
fat capitalist dickhead hypocrite Michael Moore, Greenpeace, Oxfam, WWF, Occupy Wall Street and Fidel Castro
So the EU proposed one, and it has been getting introduced in 11 EU Member States.
It appears to be failing to deliver ... and the Swedes would rightly say, having been there before, "told you so".