Deadline on EU transaction tax looms

EPA/OLIVIER HOSLET

Austrian finance minister Hans Joerg Schelling said that 'the 11 nations need to decide soon if they are going to press ahead or stop trying.'

Deadline on EU transaction tax looms


A December deadline to agree on a proposed European financial-transaction tax is fast approaching, but the 11 participating countries have yet to decide how to charge levies on an array of financial products.

As reported by Bloomberg, no agreement has been reached about what trades to tax, how to calculate levies or how to treat pension funds and government bond-related transactions. The slate of unsettled topics suggests nations will have trouble meeting the December deadline set earlier thi...


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