UK faces tax plan hit despite mooted opt-out / Tax plan raises fears for Europe business

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Series Details 24.9.11
Publication Date 24/09/2011
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Article discusses various draft of a European Commission legislative proposal to create a new EU tax on financial transactions. France and Germany suggested that such a tax be introduced at a meeting in August 2011. While the European Commission had already suggested introducing a FTT tax in 2010 there was said to be disagreement as to the details.

The proposal was launched by the European Commission on the 28 September 2011.

Related Links
EurActiv, 27.9.11: EU to twist UK's arm on FTT http://www.euractiv.com/albania/eu-twist-uks-arm-ftt-news-507928
ESO: Background information: Banks, markets oppose financial transaction tax http://www.europeansources.info/record/banks-markets-oppose-financial-transaction-tax/

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