Global FS tax newsflash: Germany and France push for EU financial transactions tax

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German Finance Minister Wolfgang Schäuble and his French counterpart, Pierre Moscovici, have sent a letter to the finance ministers of the other 25 European Union (EU) Member States stating that they have signed and sent a bilateral request to the European Commission for enhanced cooperation to implement a financial transactions tax (FTT) in a subset of countries in Europe.

Read this newsflash for more details.