Schaeuble Seeks Decision on EU Financial Transaction Tax in 2016
- Agreement was reached on treatment of shares, derivatives
- German finance minister says it ‘looks like’ positive decision
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Progress on a planned European financial transaction tax at talks in Luxembourg could lead to a deal getting done by the end of the year, according to German Finance Minister Wolfgang Schaeuble.
“The countries that had reservations last time have withdrawn them, so some countries now want to take a look at the possible consequences of the text” that will be drawn up by the European Commission, Schaeuble told reporters on Tuesday. “We want to have a decision by year-end, a positive one, if possible.”