A group of 11 European Union countries agreed to introduce a financial transaction tax from 2016 onward, Austrian Finance Minister Michael Spindelegger said Tuesday. The nations — including economic heavyweights Germany, France, Italy and Spain — will initially tax only the trading of shares and some derivatives, Spindelegger told a meeting of the EU’s 28 … Continue reading
EU finance ministers have given the green light for 11 eurozone members, including France and Germany, to ready a new tax on financial transactions. The approval under “enhanced co-operation” rules allows the smaller group to pioneer the tax. Governments previously failed to agree to impose the tax across the entire 27-member EU or 17-member eurozone. … Continue reading