Austria´s Minister of Finance Pleased With Approval for Financial Transaction Tax

People ♦ Published: January 22, 2013; 16:39 ♦ (Vindobona)

Participating States to present specific model soon, Maria Fekter says.

Austria´s Minister of Finance Pleased With Approval for Financial Transaction Tax / Picture: © ÖVP Bundespartei / Jacob Glaser

"ECOFIN has made an important decision for Europe and, with a qualified majority, has given the go-ahead for a financial transaction tax with the instrument of enhanced cooperation," rejoiced Finance Minister Fekter. "Now the eleven States participating in the enhanced cooperation can devise a specific model which they will then present," Fekter went on.

In addition to Austria,…