EU Downplays Leaked Document Outlining Financial Transaction Tax Concerns

EU Downplays Leaked Document Outlining Financial Transaction Tax Concerns

The European Commission has downplayed the significance of a leaked internal document outlining the concerns of the 11 EU member states that have agreed to introduce the proposed financial transaction tax (FTT), saying that the commission will address the concerns at an upcoming technical meeting on May 22.
 
The six-page document, dated April 16, was drafted by civil servants from those member states who participated in an EU Council working group on indirect tax. It asks the commission several questions on how the proposed FTT would function.

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