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Germany, France Seek Greater Tax Co-Ordination, Telegraph Says

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Jan. 21 (Bloomberg) -- Levies on financial transactions will mark the beginning of greater European Union control on the coordination of tax, the Daily Telegraph reported, citing a draft proposal by France and Germany.

Member states and European institutions should speed up the process of tax coordination, the Telegraph reported, citing the document. European Commission proposals on energy tax, corporation tax and a common system of financial levies should be accelerated, the newspaper reported.

To contact the reporter on this story: Adam Haigh in London at ahaigh1@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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