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EU commission tables (supports) financial tax for 11 states
EU Observer ^ | 24.10.12 @ 09:21 | Valentina Pop

Posted on 10/24/2012 10:27:50 PM PDT by Olog-hai

The EU commission on Tuesday (24 October) proposed that a group of 11 countries move ahead with a common financial transactions tax, after years of wrangling failed to produce a deal among all member states.

Estonia late on Tuesday joined an earlier group of 10—Austria, Belgium, France, Germany, Greece, Italy, Portugal, Slovakia, Slovenia and Spain—willing to go ahead with the tax.

The proposal still needs the approval of a majority of the EU’s 27 countries and the European Parliament, after which a joint legal text will be issued.

EU tax commissioner Algirdas Semeta said this will be “the epitome of a fair tax,” raising “billions” of euros while helping to curb the “casino-type trading” that caused the 2008 financial crisis. …

(Excerpt) Read more at euobserver.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; United Kingdom
KEYWORDS: cityoflondon; eurobanking; eussr; tobintax
JFTR: In the EU, “tables” means the opposite of what it means in the USA. And again, this tax is a direct attack on London. The lie that it was trading that caused the 2008 financial crisis still is in the air—it was the European Central Bank raising interest rates eight times in a row from 2007 to 2008.
1 posted on 10/24/2012 10:27:59 PM PDT by Olog-hai
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