Brussels, 15/02/2013 (Agence Europe) - The details of the financial transactions tax (FTT) to be introduced in 2014 by 11 eurozone nations under the “enhanced cooperation” procedure (Germany, Austria, Spain, Belgium, Estonia, France, Greece, Italy, Portugal, Slovakia and Slovenia) have given rise to criticism. EU Taxation Commissioner Algirdas Semeta answered the critics when unveiling the proposal recently.
The US Treasury and business milieus are concerned about how the FTT would...