Sep 9, 2011 <B>EU Plans Transaction Tax Based on Tradersâ Base, FTD Says</b> The European Commission plans to prevent banks and other investors from avoiding a planned tax on trades by imposing it in the traderâs home country rather than the place of the transaction, Financial Times Deutschland reported, citing unidentified people close to the Commission. The Commission will propose rates close to 0.1 percent for trades in stocks and bonds and 0.01 percent for dealing in derivatives, FTD said. The tax would apply to companies based anywhere in the European Union and would also count for transactions done in the U.S., according to the report. (Reuters) - German Finance Minister Wolfgang Schaeuble and his French counterpart Francois Baroin sent a letter to the European Union's executive arm on Friday containing draft financial transaction tax proposals, a ministry spokeswoman said. "Earlier today Minister Baroin and Minister Schaeuble sent a joint letter to the (European) Commission," she said. "In it are drafts of the (proposal's) content." 0.01% of EUR100,000 (bund contract) is 10EUR no?