Eleven European Union countries that have pledged to impose a tax on financial transactions look
set to miss a self-imposed deadline for a deal by the end of the year,
according to a document seen by The Wall Street Journal.
The group, which includes France and Germany, agreed to push ahead with a planned tax on share and derivative trades, after discussions for an EU-wide financial transaction tax broke down in 2012. But agreeing on what instruments to tax—and who should get the money—has proved difficult and participating countries now seem close to missing their deadline for agreement by the end of 2014, so that the tax can be implemented by 2016.
For more details please go through the below link:
http://www.euractiv.com/sections/euro-finance/france-and-austria-table-compromise-launching-ftt-2016-311476
According to Euractiv report.
The group, which includes France and Germany, agreed to push ahead with a planned tax on share and derivative trades, after discussions for an EU-wide financial transaction tax broke down in 2012. But agreeing on what instruments to tax—and who should get the money—has proved difficult and participating countries now seem close to missing their deadline for agreement by the end of 2014, so that the tax can be implemented by 2016.
For more details please go through the below link:
http://www.euractiv.com/sections/euro-finance/france-and-austria-table-compromise-launching-ftt-2016-311476
According to Euractiv report.
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