EU Moves Ahead With Transaction Tax in Rejecting U.K. Changes
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The European Union has moved ahead with a plan to design a financial-transaction tax for participating nations, rejecting the U.K.’s requested changes to the proposal, an EU official said.
The U.K. had sought a series of wording changes to the European Commission’s proposal, according to documents obtained by Bloomberg News. National ambassadors to the EU on Nov. 30 rejected those changes and opted to seek European Parliament approval with the commission’s existing language, the official said on condition of anonymity because the deliberations are private.