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Transaction tax - SPÖ plans a referendum
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: © Vindobona.org
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…
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