EU Transaction-Tax Plan on Brink as Belgium Inches Toward Exit
- Finance Minister Van Overtveldt pushes for Belgian rejection
- Group of countries supporting proposal continues to dwindle
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Belgium’s finance minister signaled his country may pull out of plans by a group of European Union nations to impose a financial-transaction tax, a step that would leave the initiative hanging by a thread.
Johan Van Overtveldt said he is opposed to the levy and is winning the argument within the four-party coalition government to withdraw from negotiations over fears that the tax would drive business away.