Ministers edge closer to agreeing transactions tax

EUObserver reported that EU Presidency country Italy and European Commissioner for Economic Affairs Pierre Moscovici reported progress on the 7 November 2014 amongst the 11 EU Members States negotiating under the enhanced co-operation procedure to adopt a law to create a tax on financial transactions.

It was hoped to agree the final details of the measure before the end of 2015, and the law would come into operation in January 2016.

ESO: Background information: Diplomats seek FTT compromise as December deadline looms http://www.europeansources.info/record/diplomats-seek-ftt-compromise-as-december-deadline-looms/

European Commission; DG Taxation and Customs Union; Taxation: Other taxes: Financial Sector: Taxation of the financial sector http://ec.europa.eu/taxation_customs/taxation/other_taxes/financial_sector/index_en.htm

Wikipedia: European Union financial transaction tax http://en.wikipedia.org/wiki/European_Union_financial_transaction_tax

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