EU Will Consider Financial Transactions Tax

EU Will Consider Financial Transactions Tax

The plans for a financial transactions tax introduction are due to be agreed at the upcoming meeting of European Union finance ministers on February 12.

It is expected that at least eleven EU member states adopt the new tax. Those are Belgium, Germany, Estonia, Greece, Spain, France, Italy, Austria, Portugal, Slovenia and Slovakia. Earlier Lithuania announced that the country would back the new tax in 2013, although the recent announcement says that the government needs more time to study the possible effects of the tax.

A consensus among all 27 EU countries regarding new tax was not reached, but probably some more member states can be persuaded to back the financial transactions tax during upcoming meeting.

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