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A tax for nine or more member states 'won't be tomorrow', Vestager said (Photo: Council of European Union)

Ministers bury Robin Hood tax, splinter version possible

Finance ministers on Friday (22 June) officially declared dead a proposal for an EU-wide financial transactions tax (FTT), opening the way for at least nine countries to press ahead with the levy.

"We can note that the financial transactions tax as proposed by the European Commission has no unanimous support by member states," Danish economy minister Margrethe Vestager said after chairing a public debate with finance ministers from all EU countries.

During the discussions, more th...

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