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Spindelegger Positive about Creation of Financial Transaction Tax

People ♦ Published: February 18, 2014; 12:52 ♦ (Vindobona)

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In the run-up to the beginning of the ECOFIN Council in Brussels, negotiations about the further proceeding of the financial transaction tax were held among eleven EU finance ministers.

Spindelegger Positive about Creation of Financial Transaction Tax / Picture: © Flickr / The Austrian Foreign Ministry

Austrian Finance Minister and Deputy Chancellor Michael Spindelegger demonstrated prepared to compromise and is positive that the tax still stands a chance. According to him, it was necessary to “make a step forward in the direction whether there will be such a financial transaction tax for all financial products all of a sudden or only for parts of them. We believe that it should…