France Considers Europe-Wide Stamp Tax, Financial Times Reports

France may back a U.K.-style stamp duty on share purchases as an initial step for a financial transaction tax that covers the European Union, the Financial Times newspaper said.

France considers the tax a potential option as the levy already exists in the U.K., according to the report, citing an unidentified French official. It follows comments from German Economy Minister Philipp Roesler that the stamp duty is an alternative to the financial transaction tax and a way to overcome resistance from the U.K., the FT said.

To contact the reporters on this story: Ambereen Choudhury in London at achoudhury@bloomberg.net

To contact the editors responsible for this story: Edward Evans in London at at eevans3@bloomberg.net

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