Austria, Belgium Join German-French Push For Transaction Tax

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Austria and Belgium have joined a request from France and Germany to move forward on a financial-transaction tax among a subset of European Union nations, EU spokeswoman Emer Traynor said today.

The Brussels-based European Commission has received a formal request from Austria and been notified that Belgium’s is being prepared, said Traynor, a spokeswoman for EU Tax Commissioner Algirdas Semeta. France and Germany sent a letter to begin the process on Sept. 28.