German Financial Transaction Tax Proposal Takes Shape, FTD Says
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Germany’s financial-transaction tax plan is taking shape as Finance Ministry experts and banking representatives reached a preliminary agreement on details of a proposed levy, Financial Times Deutschland reported.
The tax would be 0.01 percent on financial transactions, the lowest of three options that were considered, the newspaper reported. Finance Minister Wolfgang Schaeuble aims to introduce a German model for such a tax, even though he failed to reach a consensus on such a package among Group of 20 and European Union leaders this year.