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Financial Transaction Tax: Schieder Raises Pressure on EU

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: © Flickr / SPÖ Presse und Kommunikation

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…

This article includes a total of 258 words.

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