German minister moots EU stamp tax
Friday 20 January 2012 - by Andrew.Hickley@gfsnews.com
In an interview with a German newspaper the federal minister for economics, Philipp Roesler, admitted that a uniform stamp duty across Europe could be a way to garner support from the UK, which has been a vehement critic of the FTT.
"We should think about whether or not there is a way to get Britain on board," Roelser told the paper. "The British have a particular form of stock transfer tax, the so-called stamp duty.
"If the British were not able to approach the European model of the financial transaction tax, then it makes sense to speak together with the British and other European countries on the British model."
However, Roesler did not say if Germany would seek to increase the size of the stamp duty, or if it would simply propose copying the tax across Europe.
"We must prevent one-sided competition disadvantages for Germany as a financial location and at the cost of customers," he added.
Send us your thoughts (in strict confidence) or submit an article in response:
|Login||Register||Most read||Most commented|
Will markets in 2012 have a tougher time than 2011?