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Europe Daily Bulletin No. 8926

13 April 2005
Contents Publication in full By article 10 / 32
GENERAL NEWS / (eu) eu/ecofin
Council remains divided on additional funding for development aid

Luxembourg, 12/04/2005 (Agence Europe) - At the conclusion of their discussion on alternative funding for development aid (EUROPE 8925), few ministers supported the setting up of a (Tobin Tax) on currency deals. Some of the options reviewed in the Commission document appeared to divide the Council, as with the Kerosene tax, but the subject is still expected to be pursued leading up to the informal Ecofin Council in May. A possible rise in VAT and excise duties was not discussed at any...

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