Germany and France move closer to deal on diluted transaction tax

EurActiv reported on the 19 February 2014 that ambitious proposals for a pan-European financial transaction tax looked almost certain to be scaled back after Germany's finance minister acknowledged that the levy could be phased in slowly, starting with share trades.

The tax failed to gain widespread support when it was proposed during the eurozone debt crisis but eventually won the backing of an uneasy coalition of 11 states, led by Germany and France.

• Primary Source

ESO: Background information: Financial Transaction Tax: Time to engage, compromise and deliver http://www.europeansources.info/record/speech-financial-transaction-tax-time-to-engage-compromise-and-deliver/

El País, 18.02.14: Spain wants Tobin tax limited to company shares http://elpais.com/elpais/2014/02/18/inenglish/1392720975_666092.html

Blog: European Public Affairs.eu, 13.03.14: The FTT – coming to an unsatisfactory end http://www.europeanpublicaffairs.eu/the-ftt-coming-to-an-unsatisfactory-end/

ESO: Background information: EU institutions at war on 'illegal' finance tax http://www.europeansources.info/record/eu-institutions-at-war-on-illegal-finance-tax/

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