Skip to comments.Ministers to mull alternative to Tobin tax (in EU)
Posted on 03/15/2012 12:31:43 AM PDT by Olog-hai
EU finance ministers meeting in Brussels yesterday (13 March) asked the Danish presidency to consider compromise alternatives to the financial transaction tax (FTT) after a number of countries voiced concerns about the proposal.
Nine countriesFrance, Germany, Italy, Spain, Belgium, Austria, Portugal, Finland and Greecesigned a letter to Denmark on 7 February calling for progress on the introduction of a FTT before the end of its EU Council presidency.
The UK and Sweden oppose a FTT, also referred to as a Tobin tax, but some other member states positions remained unclear until yesterdays meeting.
The finance ministers of the Czech Republic, Luxembourg and Malta rejected the FTT proposal in its current form.
(Excerpt) Read more at euractiv.com ...