It’s an expectation that eleven out of seventeen EU countries that are part of the Euro zone will accept the proposed tax on financial transactions. The countries are:  France, Germany, Belgium, Portugal, Slovenia, Austria, Greece, Italy, Spain, Slovakia and Estonia. This tax aims to increase the public resources and to encourage the responsible trading with financial instruments, to strengthen the united market by reducing divergent national approaches to the taxation of financial transactions. The tax rate will secure that the financial sector contributes significantly to the public incomes as it is fair and it will support regulatory measures of promoting responsible behavior of financial sector, focused on the real economy. The tax rate will apply on each transaction between financial institutions (banks, investment companies, insurance companies, hedge funds), when the buyer or the seller are in one of the mentioned countries. The Euro Zone is expecting to generate between 30 and 35 billion euros by implementing this tax, which includes transactions concluded in London, New York, and Hong Kong. This tax rate will charge 0.1% on the total volume of shares and bonds traded and 0.01% on volumes of derivatives traded. The tax will apply to all transactions in which the financial institutions and/or the clients are based in the mentioned eleven countries. In the case where investors are based in the mentioned eleven countries but are trading with a country which has not accepted the proposed tax on transactions, the investors are expected to pay the tax rate themselves. The tax on financial transactions will be also implemented in Bulgaria, if the tax is accepted in the Euro zone.