France and Germany are continuing their work to relaunch the Financial Transaction Tax (FTT) based on the French model (see EUROPE B12151A2). In a working paper, dated 6 May, of which EUROPE has had a copy, the two Member States set out their common position and indicate that they wish to deliver “a proposal that is capable of producing a broad consensus”.
Since 2013, discussions have been taking place between ten Member States participating in enhanced cooperation, namely France,...