EU states get blessing for financial trading tax

BRUSSELS (Reuters) - Germany, France and nine other euro zone countries got a go-ahead on Tuesday to implement a tax on trading, despite the reservations of financial centers such as London and Luxembourg that are worried it could drive business out of Europe. EU finance ministers gave their approval at a meeting in Brussels, allowing 11 states to pursue a financial transactions tax. The 11 are: Germany, France, Italy, Spain, Austria, Portugal, Belgium, Estonia, Greece, Slovakia and Slovenia. The levy, based on an idea proposed by U.S. ...

READ THE ORIGINAL POST AT news.yahoo.com