MONEY & RATES BANKING & FINANCE INFORMATIONTECHNOLOGY ADVERTISING & MARKETING INTERNATIONAL BUSINESS
In Brief
Fortune World
ECONOMY & POLITICS
RNI NO:KARENG/2010/353381 VOL : 3 ISSUE.
NO.
903 DAILY BANGALORE,INDIA 23JAN2013 Pages - 4 $.
1/-USD
Brussels, 22...
More
MONEY & RATES BANKING & FINANCE INFORMATIONTECHNOLOGY ADVERTISING & MARKETING INTERNATIONAL BUSINESS
In Brief
Fortune World
ECONOMY & POLITICS
RNI NO:KARENG/2010/353381 VOL : 3 ISSUE.
NO.
903 DAILY BANGALORE,INDIA 23JAN2013 Pages - 4 $.
1/-USD
Brussels, 22 January 2013:
The Council today1 adopted
a decision authorising 11
member states to proceed
with the introduction of a financialtransaction tax (FTT)
through "enhanced cooperation".
The 11 countries are Belgium, Germany, Estonia,
Greece, Spain, France,
Italy, Austria, Portugal,
Slovenia and Slovakia.
The Commission will now
makea proposaldefiningthe
substance of the enhanced
cooperation, which will have
to be adopted by unanimous
agreement of the participating member states.
Discussions on a 2011 proposal aimed at introducing
an FTT throughout the EU2
received insufficient support
within the Council.
That proposal involved a
harmonised minimum 0.
1%
tax rate for transactions in
all types of financial instruments except derivativ
Less
