EU to Present Financial-Transaction Tax Proposal on Feb. 14
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The European Commission will present plans on Feb. 14 for a financial-transaction tax to be applied by a group of interested member states.
The initiative will be based on a prior transaction-tax proposal for all 27 EU nations that failed to gain support, the Brussels-based commission said in a statement on its website. The proposal must be agreed on by participating governments before it can take effect.