Germany and France push for EU financial transactions tax
In a highly symbolic gesture, on Friday 28 September, one year to the day after the European Commission released its draft proposal for an EU-wide financial transactions tax (FTT), German Finance Minister Wolfgang Schäuble and his French counterpart Pierre Moscovici informed the finance ministers of the other 25 EU Member States in a letter that they have signed and sent a bilateral request to the European Commission for enhanced cooperation to implement a FTT in a sub-set of countries in Europe. In their letter, France and Germany encourage and invite their colleagues to join them. This latest Franco-German initiative is a clear indication that the talks on enhanced cooperation for FTT have run into difficulties and that not much progress has beenmade since the June 2012 EU summit.
Explore recent editions of EU direct tax group newsflashes
October 2012
September 2012
- Belgium: AG opinion in the case regarding Notional Interest Deduction regime (Argenta Spaarbank NV C-350/11)
- Luxembourg - ECJ decision of 6 September 2012 (C – 380/11) - Reserve for the reduction of Net Wealth Tax charge
- Portugal – ECJ judgment on exit taxation (Case C-38/10)
- ECJ decides in Philips Electronics case (UK consortium group relief)
August 2012
- Frank Engelen
- EU tax harmonisation initiative leader
- Tel: +31 (0)88 792 42 50
- Bob van der Made
- EUDTG Secretariat
- Tel: +31 (0)88 792 36 96
