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.

• Primary Source

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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