Wednesday, 23 January 2013

Europe: Financial transaction taxation - EcoFin approves enhanced cooperation by eleven Member States

The Economic and Financial Affairs Council has, agreed (by a qualified majority: The Czech Republic, Luxembourg, Malta and the United Kingdom abstaining) to permit eleven Member States (Belgium, Germany, Estonia, Greece, Spain, France, Italy, Austria, Portugal, Slovenia and Slovakia) to begin enhanced cooperation in respect of the introduction of a financial transaction tax: see here (pdf). Further background information is available here.

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