The Commission has not accepted the amendments EP made to the Commission’s proposal for a Directive on a Financial Transactions Tax (FTT). Its feedback document also describes how, because of some Member States’ opposition to legislative action at European level, the technical work and discussions with the EU Council are following a “two-track approach”. The approach will explore options for a gradual implementation of the original proposal and for alternative measures. (Source: Commission Publishes Feedback to EP FTT Decision)