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Details of the proposal - such as where the revenue will go - remain unclear (Photo: ansik)

EU commission tables financial tax for 11 states

The EU commission on Tuesday (24 October) proposed that a group of 11 countries move ahead with a common financial transactions tax, after years of wrangling failed to produce a deal among all member states.

Estonia late on Tuesday joined an earlier group of 10 - Austria, Belgium, France, Germany, Greece, Italy, Portugal, Slovakia, Slovenia and Spain - willing to go ahead with the tax.

The proposal still needs the approval of a majority of the EU's 27 countries and the European P...

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Details of the proposal - such as where the revenue will go - remain unclear (Photo: ansik)

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