Ten EU countries agreed Tuesday (8 December) on "core principles" for a financial transaction tax (FTT), but real discussion was delayed and the UK threatened to court action if the tax goes against its interests.
After a late night meeting on Monday, finance ministers from Austria, Belgium, Estonia, France, Germany, Greece, Italy, Portugal, Slovakia, Slovenia and Spain presented a one-page proposal to their EU colleagues on Tuesday, outlining how shares and derivatives could be taxed.<...
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