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Germany’s EU Financial Transaction Tax Plan Gets Mixed Reviews

Dec. 11, 2019, 9:38 PM

Germany’s draft proposal for a financial transactions tax in the European Union may not be enough to break the political logjam that has stalled a deal for more than eight years.

The Dec. 10 proposal for an FTT by German Finance Minister Olaf Scholz would apply a 0.2% tax to equity trades, according to documents obtained by Bloomberg Tax. Derivatives wouldn’t be taxed unlike in previous proposals—all of which have ultimately been rejected by European Union member countries.

“This proposal may stand a higher chance of being agreed by participating members by imitating domestic stamp taxes and avoiding some ...