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Baroin Says Transaction Tax Won’t Be on Shares Only

French Finance Minister Francois Baroin said France’s planned tax on financial transactions won’t apply uniquely to share trading.

“Will this be agreed by all 27 European Union nations? Nothing is less sure, given the opposition from the U.K. and the concerns of Sweden,” Baroin said at a press conference in Brussels. “In any case, France will put one in place and I can tell you that it won’t be on share trading alone.”

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