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Europe Daily Bulletin No. 10587

3 April 2012
ECONOMY - FINANCE - BUSINESS / (ae) taxation
Germany suggests two-step approach to FTT

Copenhagen, 02/04/2012 (Agence Europe) - The official line that EU27 agreement on the European Commission's plans to introduce a financial transaction tax (FTT) will take time is a euphemism and German Finance Minister Wolfgang Schäuble has therefore suggested to his colleagues that a two-stage approach would be suitable for what Germany describes as “crucial” legislation. National FTTs could be introduced and levied in the country where companies have their headquarters while talks...

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