EU Nations Seeking Transaction Levy Remain Stuck on What to Tax
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European Union nations that want a financial-transaction tax remain deadlocked on what trades they should include, as the clock runs down before next month’s European Parliament elections.
The 11 participating countries remain divided on whether to tax all derivatives, only equity derivatives or no derivatives at all, EU documents show. Finance ministers from Germany, France, Italy and Spain, as well as the U.K., which has opted out of the tax, meet in Paris today.