Germany considers different approach to transaction tax

01/19/2012 | Bloomberg · Nasdaq.com

Germany is considering supporting a UK-style stamp duty on share purchases across the EU as a way of luring UK Prime Minister David Cameron back on Europe's side, said German Economy Minister Philipp Roesler. "We should think about a possible way to get the UK on board. The British already have a special form of a stock exchange turnover tax, the so-called stamp tax," Roesler said. "If the British aren't willing to get closer to the European model of a financial-transaction tax, it would make sense to talk together with the British and other European states about the British model."

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