Arab Today, arab today eu finance ministers make progress on financial transaction tax
Last Updated : GMT 08:56:04
Arab Today, arab today
Arab Today, arab today

EU finance ministers make progress on financial transaction tax

Arab Today, arab today

Arab Today, arab today EU finance ministers make progress on financial transaction tax

Brussels - KUNA

EU Finance Ministers Tuesday ended their one-day meeting after expressing hope that an agreement on the controversial Financial Transaction Tax, FTT, could bereached by 2016. "Today, the participating (11) Member States have reiterated their commitment to the FTT and laid down their roadmap for its implementation. This is a welcome signal. Of course, there is still quite a road to travel before the FTT is in place," EU Commissioner for Taxation and Customs, Algirdas Semeta, told a press conference, after the meeting. "The participating Member States need to continue to invest wholeheartedly in this file to make it law within the timeframe foreseen. But, every step forward on the Financial Transaction Tax is of significance," he added. France and Germany, together with nine other eurozone members, are in favour of FTT in Europe and want to have a political agreement before the European elections later this month. They argue that the tax is needed to avoid a repeat of the 2008 financial crisis in Europe. Britain, home to one of world's biggest financial markets in London, is strongly opposed to the FTT as harmful to business and counter-productive for investors. British Chancellor of the Exchequer George Osborne said that if the tax affected other EU countries which have decided not to take join, "they are entitled to challenge that and we will challenge that." Meanwhile, Semeta welcomed today's adoption by the ministers of new law to harmonise and strengthen criminal law against euro-counterfeiting. "Not only will this boost confidence in our common currency, by creating a stronger shield against counterfeiting. It will also help to protect honest businesses and citizens from ending up with fake money in their pockets," he said. Since the euro was introduced in 2002, counterfeiting is estimated to have cost the EU at least 500 million euro. Recent figures published by the European Commission show that a total of 175,900 fake euro coins were withdrawn from circulation last year. According to the latest figures from the European Central Bank, 353,000 counterfeit euro banknotes were withdrawn in the second half of 2013

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu finance ministers make progress on financial transaction tax Arab Today, arab today eu finance ministers make progress on financial transaction tax

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday