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Commissioner Algirdas Semeta is revising his institution's initial assessment of the tax (Photo: European Parliament)

EU commission plans new spin on financial tax

The EU commission is revising its impact assessment of a proposed financial transactions tax (FTT), which included a worst-case scenario leading to job losses. The responsible commissioner now says original projections were "misused" and the overall impact will be positive.

"The commission services are carrying out a fine-tuned economic analysis," a spokeswoman for commissioner Algirdas Semeta, in charge of taxation, told this website on Friday (3 February).

The revised impact as...

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Commissioner Algirdas Semeta is revising his institution's initial assessment of the tax (Photo: European Parliament)

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