Collection Financial Transaction Tax Uncertain
The European Commission has decided to oppose the European Union within the Taxation of Financial Transactions.
Media quoted the EU's tax commissioner Algirda Semeta ready but not yet publicly released a report stating that the reports were obtained, a conclusion - that such taxes will increase the cost of financing business and government, and expand the financial market volatility.
The report also said the financial transactions tax levy impact is not only speculators, also includes pension funds and other long-term investors, such as life insurance companies, costs associated with these agencies will be directly transferred to consumers.
The report will also hit France and Germany, as the two governments for the financial transaction tax levied on a large scale lobbying. In addition, financial transactions tax collection will also be on September 7 in Brussels to discuss EU finance ministers meeting.
But after published reports, a European official came forward to clarify that Algirda Semeta not yet determined, so media-related reports as "baseless." He said that support or oppose the tax for the financial transaction tax, the tax commissioner is entrusted their service on the various options are analyzed, but the position has not been determined.
Despite being some of the Group of 20 (G20) against the major countries, France, Britain and Germany have been committed to promoting a global tax levy bank to take out bank rescue stranded costs.
August 25, the German government agreed to impose a new tax the Bank, also asked other governments also levy a similar tax to cover potential future costs of financial crises. The bank tax levy will start next January.
German Finance Minister Wolfgang Schuble admitted that the world's major economies in the recent global financial transactions tax collection agreement is unlikely, but not the role of a country acting alone. However, he said, Germany will continue to be held in November in Seoul G20 summit to urge all sides to promote bank tax collection.
by: Frbiz
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