Herman Van Rompuy wants FTT revenue earmarked for EU budget
20 November 2012
Salman Shaheen - ITR
EU Council President Herman Van Rompuy has said that he wants most of the revenue from the financial transaction tax (FTT) to go directly to the EU budget.
Now that 11 countries have requested to move ahead with the FTT under enhanced cooperation, the new tax is looking like an increasing certainty.
But Van Rompuy’s paper sent to European governments ahead of the EU budget summit this week, calling for two-thirds of FTT revenue to be set aside for the EU budget, may cause fresh frictions.
The Netherlands, for...
If you think you've received this message in error, please contact your account manager, Nick Burroughs:
This article is locked content, available to current subscribers or trialists.
- Current subscribers or trialists - Please log in to view this article in full.
- New users - Please take a free 7 day trial.
- Expired subscribers or trialists - Please subscribe to gain immediate full access
Email: email@example.com, Tel: +44 (0)207 779 8379
Subscribe today to gain full access to International Tax Review.