Incoming German government pushes for broad FTT

11/14/2013 | Reuters

German leaders putting together a coalition government have released a policy document that endorses quick establishment of a tax on financial transactions in the EU. "We want to swiftly introduce a financial transactions tax that has a broad basis at a low tax rate as part of strengthened cooperation within the EU," according to the document. "This tax should cover all financial instruments, especially stocks, bonds, investment assets, foreign exchange transactions and derivative contracts."

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