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Transaction tax - SPÖ plans a referendum

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.

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.

Financial Markets require tighter…

This article includes a total of 155 words.

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