EU PUSHES AHEAD WITH FINANCIAL TRANSACTION TAX
January 1st, 2013
THE GREEN light has been given to 11 European Union (EU) member states to forge a harmonised financial transaction tax, the first time common taxation has been agreed through the EU’s ‘enhanced cooperation’ system. This allows EU member states to pass EU laws that apply to a limited group of member states – in this case Belgium, Germany, Estonia, Greece, Spain, France, Italy, Austria, Portugal, Slovenia and Slovakia. Their governments have said they want to impose a minimum 0.1% tax rate for transactions on all financial instruments except derivatives ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.