Tuesday, October 11, 2016

Ten EU countries are moving towards a tax on financial transactions – Ambito.com

Pierre  Moscovici, commissioner for Affairs  Económicos and Financial aspects of the EU  (right)

Pierre Moscovici, commissioner for Economic and Financial Affairs of the EU (right)

Ten member countries of the European Union (EU) achieved “significant progress” on the path towards the implementation of a tax on financial transactions, said Tuesday the commissioner for Economic and Financial Affairs of the block community, Pierre Moscovici.

Germany, Austria, Belgium, Slovakia, Slovenia, Spain, France, germany, Greece, Italy and Portugal they have nearly three years negotiating the rate, and at some point had planned to apply in the course of this year.

The Finance ministers of those ten countries met on Monday afternoon in Luxembourg to assess the technical progress achieved since June, when the holder of Finance of Austria, Hans Jörg Schelling warned that they should reach an agreement in September or abandon the project.

however, Moscovici said Tuesday that the ten Finance ministers have reached an agreement on the four important steps that will form the core of the tax”, so that your department will prepare the bill now.

The european commissioner expressed the hope that the draft law can be submitted in the next few weeks to the consideration of the Finance ministers “to reach the goal.”

According to Moscovici, many people in the EU want the financial sector contribute to the financing of some important public goods”.

The idea of introducing a financial transaction tax in the European Union was for a long time controversial, and not found the support of all 28 member countries.

The ten mentioned they decided to walk the way towards the introduction of the tax alone, in what is known as “enhanced cooperation”.

LikeTweet

No comments:

Post a Comment