Financial Transaction Tax: Schieder Raises Pressure on EU

People ♦ Published: April 10, 2012; 18:20 ♦ (Vindobona)

Austria´s Financial State Secretary Andreas Schieder threatens to vote against higher EU contributions. To discuss about alternatives of the financial transaction tax is “too early.”

Financial Transaction Tax: Schieder Raises Pressure on EU / Picture: © Vindobona.org

Andreas Schieder (SPÖ) raises pressure on the EU. The financial transaction tax must be resolved in 2012, Schieder claims.

The Austrian government plans to realize revenues of € 500m per year by 2014. The additional tax intake is already anticipated as a part of the austerity package. Two weeks ago, Germany´s Minister of Finance Wolfgang Schäuble stated that the financial…