Renewed impetus on EU financial transaction tax

After nearly three years of negotiations, 11 member states are expected to reach an agreement on Tuesday.

A controversial tax on financial transactions should reach a watershed on Tuesday (6 May) when the 11 European Union member states championing the levy are aiming to finalise a broad political agreement after nearly three years of negotiations. Finance ministers from the 11 countries will be meeting in the sidelines of the meetings of eurozone finance ministers on Monday (5 May) and EU finance ministers on Tuesday (6 May) in Brussels.

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