Transaction tax - SPÖ plans a referendum

Western EuropeGermany ♦ Published: May 18, 2010; 00:00 ♦ (Vindobona)

The Social Party Austria together with the German Social Party (SPD) plans to start a referendum on a financial transaction tax as well as financial regulation. It would constitute the first EU-referendum.

Transaction tax - SPÖ plans a referendum / Picture: ©

One million signatures are required in member states to push the European commission to look at the contents of the referendum. This petition for a referendum was introduced in the new “Lisbon agreement”.

The conditions of this referendum, including e.g. The required number of member states will be defined later this year.

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