Netherlands urges EU to consider transaction-tax alternatives

03/21/2012 | Wall Street Journal, The · Reuters · Bloomberg

Dutch Finance Minister Jan Kees de Jager sent a letter to parliament saying the European Commission should consider alternatives to a proposed financial-transaction tax. De Jager suggested a tax on share purchases or a bank tax that would be coordinated internationally. "The analyses ... make clear that the tax is not an efficient way to make the financial sector contribute well to government income," de Jager wrote. "Besides that, the tax does not help to make the financial sector more stable."

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