France enacted the FTT (Financial Transactions Tax) on August 1st, 2012. Through this enactment, France became the first country to introduce an FTT in the world. FTT is a tax that imposes duties on financial product transactions such as stocks, bonds, and foreign currency exchanges. Under the present condition of mounting financial market agitation in Europe, this system will restrict indiscreet and reckless transactions and regulate the large scale flow of speculative capital in order to minimize financial risk. The target of this tax is not individuals or businesses, but banking institutions that cause financial risk after accepting public funds. The French government hopes to actualize economic stability and growth through this system. However, the United States and England oppose the FTT because if the FTT is ratified, the increased burden of taxation will negatively affect their financial industries.