eurozone states ready to launch financial transaction tax
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Eurozone states ready to launch financial transaction tax

Arab Today, arab today

Arab Today, arab today Eurozone states ready to launch financial transaction tax

Luxembourg - AFP

The EU's tax commissioner Algirdas Semeta said Tuesday that 11 eurozone states have said they support launching a financial transactions tax, indicating the controversial project can move forward. "Four additional member states intend to join the enhanced cooperation, which means we arrive at 11," Semeta said after talks among ministers that saw four governments -- Italy, Spain, Slovakia and Estonia -- declare themselves for the tax, sources said. Nine states are needed to push forward an initiative among a group of EU states under the bloc's "enhanced cooperation" provisions, although a qualified majority must later approve the plans. The four states spoke up during a round-table that was only partially broadcast, with an Italian government spokesman and a counterpart with the Cyprus rotating presidency confirming the list. They will now write to the European Commission requesting legislation be drawn up to introduce the tax, joining initial proposers France and Germany, plus Austria, Belgium, Greece, Portugal and Slovenia. Semeta said that member states "should be very clear that agreement on the FTT is a separate issue that has to be discussed here," with disagreement notably on whether revenues would go into a mooted eurozone central budget or be retained by national treasuries. Britain's George Osborne said he would not stand in the way, but maintained a "specific proposal" was now required before it could guarantee that it would wave through enhanced cooperation among other EU states. He raised a string of questions, raising the prospect of a lengthy negotiation over the design of the tax, including "does it cover equities, derivatives and foreign exchange transactions?"

arabstoday
arabstoday

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*

eurozone states ready to launch financial transaction tax eurozone states ready to launch financial transaction tax

 



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*

eurozone states ready to launch financial transaction tax eurozone states ready to launch financial transaction tax

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday