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Sunday, March 11, 2012

Schauble calls for financial transaction tax 2012

Schauble calls for financial transaction tax 2012
In a letter addressed the Danish EU presidency calling Wolfgang Schäuble and eight colleagues to accelerate the introduction of a tax on stock exchange transactions. Federal Finance Minister Wolfgang Schäuble and eight of his European colleagues have a magazine report, called on the Danish EU Ratspräsdentschaft to accelerate discussions on the introduction of a financial transaction tax. "We are convinced that a financial transaction tax should be introduced at European level," quoted "The Mirror" on Saturday a letter from the Minister of Finance Minister of Denmark Margrethe Vestager. In order to reach a quick decision, "we would like to see the presidential accelerate the negotiating process."

Brussels Stock Exchange rejects merger mid-year should be completed by the process of introducing a tax on financial transactions, it is said in the letter to Copenhagen

In addition to the article, France's Finance Minister Schäuble Francois Baroin and Italy's Prime Minister and Minister of Finance include Mario Monti, one of the signatories. By the middle of the year should complete the process and compromise proposals should be discussed, "in order to overcome all odds." Schäuble make his ministry with its own proposal for a financial transactions tax work out, says the "mirror" on his tax department, he was instructed to seek a great solution, the new levy is as specified by the CDU politician burden all the transactions on financial transactions -.. Of stock and bond sales on currency transactions to all derivatives.

At the same time, proposals should be simpler and more practical than the considerations of the EU Commission. Ministry of Finance first opinion was to receive.

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