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Proposed EU financial transaction tax stuck in limbo
Financial realities won't let it pass but politics is preventing a quick death
Add BT as a preferred sourcePublished Sun, Jan 29, 2017 · 09:50 PM
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Brussels
A EUROPEAN proposal for a tax on financial transactions is trapped in limbo: financial realities will not let it come to life while political opportunism is preventing a quick death.
The tax initiative is being kept alive largely for domestic political reasons as German Chancellor Angela Merkel bids for a fourth term and France prepares for presidential elections this year.
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