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Ten eurozone governments strike partial deal on transaction tax

2015-12-08 60 Dailymotion

Ten eurozone countries have agreed on some aspects of a harmonised tax on financial transactions.<br /><br /> They want to finalise a deal by the middle of next year to reach on remaining issues.<br /><br /> No agreement has been struck as yet on tax rates.<br /><br /> The countries include Germany, France, Italy, Belgium, Greece, Portugal, Slovakia, Slovenia, Spain and Austria. <br /><br /> Estonia decided not to take part because its banks largely trade in shares issued out this group of countries and so there would be little revenue to collect.<br /><br /> A 2013 European Commission proposal suggested a 0.1 percent levy on share and bond trades and 0.01 percent on derivatives trades.

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