"We are now in a position to reach an agreement under enhanced cooperation for the first time since 2011," Scholz wrote in a letter to his fellow finance ministers. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006. "The proposals are an attack on small German investors," CDU MP Christoph Ploss told the Funke newspaper group. Since the 2008 financial crisis, financial transaction taxes (FTTs) have been debated as a potential instrument to address financial market instabilities and as a source for tax revenue.

: Amnesty International's amateurism exposed. An isolated share tax can therefore not be justified from an economic and financial point of view. Our privacy policy has been updated since the last time you logged in. Since the 2008 financial crisis, financial transaction taxes (FTTs) have been debated as a potential instrument to address financial market instabilities and as a source for tax revenue. Today’s map shows which European OECD countries impose a type of FTT. French Finance Minister Bruno Le Maire said the plan was a "good basis to wind up this question as soon as possible", but added he would "examine the text in detail to ensure the final agreement is just as ambitious as France's existing tax". “In order to avoid distortion effects and loss of income, it is essential to learn from the experience of the FTTs in Italy, Sweden, or France,” said Trebesch. For example, Switzerland levies a 0.15-0.30 percent stamp duty on the transfer of equities and bonds involving a Swiss securities dealer, while France implemented an FTT that taxes equity trades at 0.3 percent and high-frequency-trading at 0.01 percent. Once agreed upon at European level, participating Member States will have to transpose the Directive into national legislation. Oil majors slash production amid drop in demand, German courts deal fresh blow to Nord Stream 2, Iraq agrees to cut oil output, but remains short of target, EU Court of Justice rejects Austrian appeal against UK Hinkley C nuclear plant, Russia denies knowledge of nuclear particles detected over the Baltic Sea, Finland's Olkiluoto nuclear reactor suffers valve leak, Britain's Drax to pilot carbon capture technology, Netherlands & Portugal lead drive towards Green Hydrogen technology, Australia launches fund to back fossil-fuel hydrogen projects, Peter Liese MEP seeks to ban chemicals that are "dangerous to humans and the environment", European Commission methane strategy only scratches the surface, says Jutta Paulus MEP, Venice flood defences deploy for first time, Smoke and mirrors: How the mineral wool industry leaves its mark on national and EU policy.

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