German-French Plan May Tax Derivatives From Start, Lawmakers Say
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Germany and France are moving toward a joint proposal on a European financial-transaction levy and are considering taxing derivatives from the start, German lawmakers said.
After more than a year of talks among European Union countries, German and French negotiators are under pressure to lead the way toward a deal with Spain, Italy and seven other nations after Chancellor Angela Merkel and President Francois Hollande set the target of reaching an accord by May 25.