PARIS (MNI) – France and Germany will present a joint proposal for
a Eurozone tax on financial transactions on January 23 with a target of
2013 for its launch, French Finance Minister Francois Baroin said
Wednesday.
The goal is to reach an accord during the first half of next year
on a tax base, which should be “as broad as possible” in order to reap
“as big as possible” returns, the minister told the National Assembly.
By the end of next year, an agreement should be reached on the
allocation of the revenues so that the new tax can be “operational” in
2013, Baroin added.
At the global level, discussions on a financial tax among the G-20
countries will continue under the presidency of Mexico, he said, noting
that US President Barack Obama had accepted in “principle” the idea of a
financial contribution.
“This debate is flourishing,” he said
–Paris newsroom +331 4271 5540; email: ssandelius@marketnews.com
[TOPICS: M$F$$$,M$G$$$,M$X$$$,MGX$$$,MFX$$$]
