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UK loses first shot in court battle on EU financial tax

30.04.14 @ 09:53

  1. By EUOBSERVER

The EU Court has struck down a UK challenge to the European Commission's decision to launch "enhanced co-operation" between 11 member states on a financial transactions tax (FTT), saying the decision to launch the procedure was valid, while noting the substance of the FTT can be challenged down the line.