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Image header Agence Europe
Europe Daily Bulletin No. 10640
ECONOMY - FINANCE - BUSINESS / (ae) ecofin

EU27 paves way for enhanced cooperation on Tobin Tax

Brussels, 22/06/2012 (Agence Europe) - Better enhanced cooperation than nothing at all, said EU Taxation Commissioner Algirdas Semeta, expressing the disappointment encountered at the meeting of EU27 finance ministers, in Luxembourg on Friday 22 June, that a financial transaction tax (FTT) cannot be introduced at EU27 level any time soon. Given the state of play in Council of Ministers' discussions, however, it might prove possible to introduce a tax using the enhanced cooperation mechanism...

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