Brussels, 28/01/2014 (Agence Europe) - France and Germany agreed at a meeting of the Franco-German Economic and Financial Council (CEFFA, comprising finance and economy ministers and central bank governors from the two countries) on Monday 27 January to work together over the next few months to ensure progress on major tax issues at EU level. The two governments will issue common proposals on a compromise on a common financial transactions tax (FTT) with the other nine member states that have decided to use enhanced cooperation to introduce an FTT to share out a contribution from the financial sector to countries' budgets and to harmonise national legislation in this domain; to make progress in approval of the new directive on a common consolidated tax basis and the parent and subsidiary companies directive (see EUROPE 10970). They will also work together on tackling the erosion of the tax base and the transfer of profits overseas and introducing as quickly as possible the OECD's new rules on the automatic exchange of bank information (AEI) with a view to tackling tax evasion. (FG/transl.fl)