ECONOMY - FINANCE - BUSINESS / (ae) taxation

Financial tax - Commission challenges Cameron's arguments

Brussels, 26/01/2012 (Agence Europe) - On Thursday 26 January, the European Commission challenged the arguments put forward by the British prime minister in Davos when rejecting the proposal for a financial transactions tax (FTT) in the EU. David Cameron argued on the basis of estimates made by the European Commission itself to demonstrate the disastrous economic impact that he felt the tax would have. According to the British prime minster, the Commission estimated that 500,000 jobs would...