The report tax on financial transactions: an implementation guide is intended as a guide to implementing a French financial transaction tax (FTT). The study was funded by UNITAID and carried out by 99 Partners Advisory (consultancy firm) on the initiative of the Chairman of the Executive Board of UNITAID, Special Advisor to the UN Secretary General in charge of innovative financing for development, Philippe Douste-Blazy.
The report recommends that a tax similar to the UK stamp duty be applied, and extended to bonds and derivatives. In a country such as France, calculations show that such a tax should generate more than €12 billion per year, using lower rates than existing FTTs. As in other countries with FTTs, the introduction of such a tax on a national basis should have no significant negative impact on the national financial markets.