A few days after the G20 Summit , European finance leaders debated the possible introduction of a regional FTT tax . Again there was strong support from Germany and France but also from Austria , Belgium , Greece , Finland , Luxembourg , Spain , Portugal , while strong opposition comes from Britain , Sweden , Denmark , the Czech Republic , Romania and Bulgaria , with some members being sceptical especially about the value of implementing an FTT without including at least all 27 EU states . As European Union members remain divided over the issue , advocates of the FTT have said it could be implemented only within the eurozone , excluding countries like Sweden and the United Kingdom . France 's president Hollande had committed to a Robin Hood tax in his 2012 election campaign . In a meeting just prior to the 2012 G8 summit he advised that he intends to uphold his commitment , though David Cameron repeated that Britain would veto the tax if attempts were made to impose it across the EU . Plans were made in France to implement the tax unilaterally , though these were superseded by an agreement to launch a Robin Hood tax at EU level . Eleven countries including France and Germany will take part , with the tax due to go live in 2014
2012 G8 summit
38th G8 summit
Robin Hood tax